Form 4 Goldman Neal I

Statement of changes in beneficial ownership of securities

Published: 2019-06-26 13:50:38
Submitted: 2019-06-26
Period Ending In: 2019-06-24
ownership.html


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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
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OMB Number: 3235-0287
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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*
GOLDMAN NEAL I

(Last) (First) (Middle)
18511 BEAUMONT HIGHWAY

(Street)
HOUSTON TX 77049

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2019
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
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
STOCK OPTIONS $0.75 06/24/2019 A 50,000 (1) 06/24/2024 COMMON STOCK 50,000 $0.75 50,000 D
Explanation of Responses:
1. Stock options subject to the Optionee's continuous service as a director through such date, twenty-five percent of the Shares on each of August 31, 2019, November 30, 2019, February 29, 2020 and May 31, 2020. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control.
/s/ Neal I. Goldman 06/26/2019
** 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
ownership.xml
Schema Version:
X0306
Document Type:
4
Period Of Report:
2019-06-24
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
0001182567
Rpt Owner Name
GOLDMAN NEAL I

Reporting Owner Address

Rpt Owner Street1
18511 BEAUMONT HIGHWAY
Rpt Owner City
HOUSTON
Rpt Owner State
TX
Rpt Owner Zip Code
77049

Reporting Owner Relationship

Is Director
1
Is Officer
0
Is Ten Percent Owner
0
Is Other
0

Derivative Transaction

Security Title
STOCK OPTIONS
Conversion Or Exercise Price
0.75
Transaction Date
2019-06-24

Transaction Coding

Transaction Form Type
4
Transaction Code
A
Equity Swap Involved
0

Transaction Amounts

Transaction Shares
50000
Transaction Price Per Share
0.75
Transaction Acquired Disposed Code
A
@attributes Id
F1
Expiration Date
2024-06-24

Underlying Security

Underlying Security Title
COMMON STOCK
Underlying Security Shares
50000
Shares Owned Following Transaction
50000
Direct Or Indirect Ownership
D
Footnotes Footnote
Stock options subject to the Optionee's continuous service as a director through such date, twenty-five percent of the Shares on each of August 31, 2019, November 30, 2019, February 29, 2020 and May 31, 2020. In addition to the foregoing, all Shares shall vest immediately prior to a Change in Control.

Owner Signature

Signature Name
/s/ Neal I. Goldman
Signature Date
2019-06-26
Additional Files
FileSequenceDescriptionTypeSize
0001683168-19-002020.txt   Complete submission text file   5483
$DPDW

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