XASE:GSX Insider Activity 4 Filing - 6/5/2012

Effective Date 6/5/2012

FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
GRANT W KING III
  2. Issuer Name and Ticker or Trading Symbol
GASCO ENERGY INC [GSX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
(Last)
(First)
(Middle)
7979 E. TUFTS AVENUE, #1150
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2012
(Street)

DENVER, CO 80237
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 06/05/2012   A(12)   100,000 A (12) 644,623 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: 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
Right to Buy $1             06/10/2003(1) 02/10/2013 Common Stock 200,000   200,000 D  
Right to Buy $1.92             11/27/2004(2) 07/27/2014 Common Stock 100,000   100,000 D  
Right to Buy $3.39             10/09/2005(3) 06/09/2015 Common Stock 160,000   160,000 D  
Right to Buy $1.99             05/23/2008(4) 01/23/2018 Common Stock 50,000   50,000 D  
Right to Buy $1.8             01/18/2009(5) 09/18/2013 Common Stock 200,000   200,000 D  
Right to Buy $1             03/15/2009(6) 12/15/2013 Common Stock 31,250   31,250 D  
Right to Buy $0.52             01/17/2010(7) 09/17/2014 Common Stock 200,000   200,000 D  
Right to Buy $0.36             10/29/2010(8) 06/29/2015 Common Stock 60,000   60,000 D  
Right to Buy $0.37             04/23/2011(9) 12/23/2015 Common Stock 150,000   150,000 D  
Right to Buy(10) $0.35             06/15/2011 06/15/2016 Common Stock 78,125   78,125 D  
Right to Buy $0.17             04/09/2012(11) 12/09/2016 Common Stock 250,000   250,000 D  
Right to Buy $0.18 06/05/2012   J(13)   500,000   09/05/2012(13) 06/05/2017 Common Stock 500,000 (13) 500,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRANT W KING III
7979 E. TUFTS AVENUE, #1150
DENVER, CO 80237
      President & CEO  

Signatures

 W. King Grant, III   06/07/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Granted 200,000 options as compensation. These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 6/10/03, and all options expiring 2/10/2013.
(2) Granted 100,000 options under the Issuer's 1999 Stock Option Plan, subject to stockholder approval. These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 11/27/04, and all options expiring 7/27/2014.
(3) Granted 160,000 options under the Issuer's 1999 Stock Option Plan, subject to stockholder approval. These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 10/9/05, and all options expiring 6/9/2015.
(4) Granted 50,000 options under the Issuer's 1999 Stock Option Plan, subject to stockholder approval. These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 5/23/08, and all options expiring 1/23/2018.
(5) Granted 200,000 options under the Issuer's 1999 Stock Option Plan, subject to stockholder approval. These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 1/18/09, and all options expiring 9/18/2013.
(6) Granted 31,250 options under Issuer's 1999 Stock Option Plan, subject to stockholder approval. These options vest over a 1 year period, with 1/4 of the amount vesting every 3 months commencing 3/15/09, and all options expiring 12/15/2013.
(7) These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 1/17/2010, and all options expiring 9/17/2014.
(8) Granted 60,000 options under the Issuer's 1999 Stock Option Plan, subject to stockholder approval. These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 10/29/10, and all options expiring 6/29/15.
(9) Granted 150,000 options under the Issuer's 1999 Stock Option Plan, subject to stockholder approval. These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 4/23/11, and all options expiring 12/23/15.
(10) Mr. Grant purchased 104,167 units in Issuer's offering. Each unit consists of one share of common stock and a warrant to buy 0.75 of a share @ $0.35.
(11) Granted 250,000 options as compensation. These options vest over a 2 year period, with 1/6th of the amount vesting every 4 months commencing 4/9/12, and all options expiring 12/9/2016.
(12) Mr. Grant was granted a restricted stock award of 100,000 shares of the Issuer's common stock pursuant to the Issuer's 2011 Long Term Incentive Plan. These shares are subject to forfeiture with vesting over a 3-year period in quarterly increments.
(13) Granted 500,000 options under the Issuer's 2011 Long Term Incentive Plan. These options vest over a 3-year period in quarterly increments.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XASE:GSX Insider Activity 4 Filling

XASE:GSX Stock - Get Insider Activity SEC Filing of XASE:GSX stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

Content Partners
XASE:GSX Insider Activity 4 Filing - 6/5/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices |  Most Recent Title |  Date |  Company |  Symbol |  Interest |  Popularity

Previous: XASE:GSX Insider Activity 4 Filing - 2/28/2012  |  Next: XASE:GSX Insider Activity 4 Filing - 6/5/2012