Form 4 Deep Down, Inc.

4 - Statement of changes in beneficial ownership of securities

Published: 2017-01-05 18:47:34
Submitted: 2017-01-05
Period Ending In: 2016-12-14
butler_f4.html OWNERSHIP DOCUMENT


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SEC FORM 4

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BUTLER EUGENE L

(Last) (First) (Middle)
8827 W. SAM HOUSTON PARKWAY N, #100

(Street)
HOUSTON TX 77040

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Deep Down, Inc. [ DPDW ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Chairman & CFO
3. Date of Earliest Transaction (Month/Day/Year)
12/14/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/14/2016 F(1) 42,350 D $1.05 548,731 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Shares withheld for payment of tax liability incident to the vesting of restricted stock award granted on December 14, 2015.
/s/ Eugene L. Butler 01/05/2017
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
1
butler_f4.xml OWNERSHIP DOCUMENT
Schema Version:
X0306
Document Type:
4
Period Of Report:
2016-12-14
Not Subject To Section16:
0

Issuer

Issuer Cik
0001110607
Issuer Name
Deep Down, Inc.
Issuer Trading Symbol
DPDW

Reporting Owner

Reporting Owner Id

Rpt Owner Cik
0001222222
Rpt Owner Name
BUTLER EUGENE L

Reporting Owner Address

Rpt Owner Street1
8827 W. SAM HOUSTON PARKWAY N, #100
Rpt Owner City
HOUSTON
Rpt Owner State
TX
Rpt Owner Zip Code
77040

Reporting Owner Relationship

Is Director
1
Is Officer
1
Is Ten Percent Owner
0
Is Other
0
Officer Title
Executive Chairman & CFO

Non Derivative Transaction

Security Title
Common Stock
Transaction Date
2016-12-14

Transaction Coding

Transaction Form Type
4
Transaction Code
F
Equity Swap Involved
0
@attributes Id
F1

Transaction Amounts

Transaction Shares
42350
Transaction Price Per Share
1.05
Transaction Acquired Disposed Code
D
Shares Owned Following Transaction
548731
Direct Or Indirect Ownership
D
Footnotes Footnote
Shares withheld for payment of tax liability incident to the vesting of restricted stock award granted on December 14, 2015.

Owner Signature

Signature Name
/s/ Eugene L. Butler
Signature Date
2017-01-05
Additional Files
FileSequenceDescriptionTypeSize
0001683168-17-000026.txt   Complete submission text file   4849
$DPDW

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