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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 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*
JCH Crenshaw Holdings, LLC
(Last) (First) (Middle)
470 ORLEANS ST., 7TH FLOOR
(Street)
BEAUMONT TX 77701
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
American Electric Technologies Inc [ AETI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/31/2017
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X 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 03/31/2017 J(1) 149,422 A $0 184,422 D
Common Stock 07/18/2017 J(2) 48,994 A $0 233,416 D
Common Stock 10/06/2017 J(3) 48,387 A $0 281,803 D
Common Stock 02/01/2018 J(4) 50,799 A $0 332,608 D
Common Stock 04/30/2018 J(5) 71,702 A $0 404,304 D
Common Stock 06/29/2018 J(6) 59,524 A $0 463,828 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
Series A Convertible Preferred Stock $5 08/01/2017 D(7) 1,000,000 05/02/2012 (10) Common Stock 1,000,000(11) $5 0 D
Series A Convertible Preferred Stock $2.26 08/01/2017 A(7) 1,000,000 08/01/2017 (10) Common Stock 2,212,389(12) $5 1,000,000 D
Warrants (Right to Buy) $6 08/01/2017 D(8) 125,000 05/02/2012 05/02/2020 Common Stock 125,000 $0.001 0 D
Warrants (Right to Buy) $2.72 08/01/2017 A(8) 125,000 08/01/2017 05/02/2020 Common Stock 125,000 $0.001 125,000 D
Warrants (Right to Buy) $7 08/01/2017 D(9) 200,000 05/02/2012 05/02/2020 Common Stock 200,000 $0.001 0 D
Warrants (Right to Buy) $3.17 08/01/2017 A(9) 200,000 08/01/2017 05/02/2020 Common Stock 200,000 $0.001 200,000 D
1. Name and Address of Reporting Person*
JCH Crenshaw Holdings, LLC
(Last) (First) (Middle)
470 ORLEANS ST., 7TH FLOOR
(Street)
BEAUMONT TX 77701
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Crenshaw J. Casey
(Last) (First) (Middle)
470 ORLEANS ST., 7TH FLOOR
(Street)
BEAUMONT TX 77701
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. American Electric Technologies, Inc. ("AETI") declared a common stock dividend attributable to quarters ended September 30, 2016, December 31, 2016, and March 31, 2017, payable to all holders of record of Series A Convertible Preferred Stock, par value $0.001 per share ("Series A Convertible Preferred Stock"), on the dividend record date. As the sole holder of AETI's Series A Convertible Preferred Stock, the reporting person received 149,422 shares of common stock as of March 31, 2017.
2. AETI declared a common stock dividend attributable to quarter ended June 30, 2017, payable to all holders of record of Series A Convertible Preferred Stock on the dividend record date. As the sole holder of AETI's Series A Convertible Preferred Stock, the reporting person received 48,994 shares of common stock as of July 18, 2017.
3. AETI declared a common stock dividend attributable to quarter ended September 30, 2017, payable to all holders of record of Series A Convertible Preferred Stock on the dividend record date. As the sole holder of AETI's Series A Convertible Preferred Stock, the reporting person received 48,387 shares of common stock as of October 6, 2017.
4. AETI declared a common stock dividend attributable to quarter ended December 31, 2017 payable to all holders of record of Series A Convertible Preferred Stock on the dividend record date. As the sole holder of AETI's Series A Convertible Preferred Stock, the reporting person received 50,799 shares of common stock as of February 1, 2018.
5. AETI declared a common stock dividend attributable to quarter ended March 31, 2018, payable to all holders of record of Series A Convertible Preferred Stock on the dividend record date. As the sole holder of AETI's Series A Convertible Preferred Stock, the reporting person received 71,702 shares of common stock as of April 30, 2018.
6. AETI declared a common stock dividend attributable to quarter ended June 30, 2018, payable to all holders of record of Series A Convertible Preferred Stock on the dividend record date. As the sole holder of AETI's Series A Convertible Preferred Stock, the reporting person received 59,524 shares of common stock as of June 29, 2018.
7. The Series A Convertible Preferred Stock was repriced pursuant to that certain Agreement, dated as of August 1, 2017, by and between AETI and the reporting person (the "Repricing Agreement") to decrease the exercise price from $5.00 per share to $2.26 per share.
8. The Series A Warrants were repriced pursuant to the Repricing Agreement to decrease the exercise price from $6.00 per share to $2.72 per share.
9. The Series B Warrants were repriced pursuant to the Repricing Agreement to decrease the exercise price from $7.00 per share to $3.17 per share.
10. The Series A Convertible Preferred Stock is convertible into common stock at any time and has no expiration date.
11. The Series A Convertible Preferred Stock was convertible into common stock on a one-for-one basis prior to the Repricing Agreement.
12. For each share of Series A Convertible Preferred Stock converted, the reporting person would receive a number of shares of common stock equal to the quotient of $5.00 divided by $2.26.
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. JCH Crenshaw Holdings, LLC By: /s/ J. Casey Crenshaw Name: J. Casey Crenshaw Title: President 07/13/2018
/s/ J. Casey Crenshaw 07/13/2018
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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