QS Energy, Inc. — Director's Dealing 2017

May 11, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: QS Energy, Inc. (QSEP)
CIK: 0001103795
Period of Report: 2017-05-09

Reporting Person: BLUM CHARLES (Former Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-09	Option to Purchase Common Stock	$.05	A	1000000	Acquired	2027-01-01	Common Stock (1000000)	Direct

Footnotes

F1: The stock options reported under item 1 above were granted to each member of Issuer's Board as equity compensation under the Issuer's Board Compensation Policy, approved by the Board on 06/19/2015. The options granted under item 1 vest at the rate of 1/12 per month, commencing 01/01/2017, with full vesting on 12/31/2017. On 05/09/2017, the Board agreed to accelerate outstanding unvested options listed under item 1, effective 05/09/2017, in connection with Mr. Blum's resignation from the Board and all committees, effective 05/08/2017.