-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 F+nKooCqrN1DgtUnsf5yFg4YS/Vp+t2p4UfxvTgp1wVO5KGmjJb4tjJiXNEeHhxt
 a7uswVDKFDqOGDQB1+y7/w==

<SEC-DOCUMENT>0001179110-11-002078.txt : 20110207
<SEC-HEADER>0001179110-11-002078.hdr.sgml : 20110207
<ACCEPTANCE-DATETIME>20110207180921
ACCESSION NUMBER:		0001179110-11-002078
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20110203
FILED AS OF DATE:		20110207
DATE AS OF CHANGE:		20110207

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Zuniga-Rivero Fernando J
		CENTRAL INDEX KEY:			0001303298

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12697
		FILM NUMBER:		11579806

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(281) 556-6200

	MAIL ADDRESS:	
		STREET 1:		20702 CHAPEL GLEN CT.
		CITY:			KATY
		STATE:			TX
		ZIP:			77450

	FORMER NAME:	
		FORMER CONFORMED NAME:	Rivero Fernando Zuniga
		DATE OF NAME CHANGE:	20040915

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BPZ RESOURCES, INC.
		CENTRAL INDEX KEY:			0001023734
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				330502730
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		580 WESTLAKE PARK BLVD.
		STREET 2:		SUITE 525
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079
		BUSINESS PHONE:		2815566200

	MAIL ADDRESS:	
		STREET 1:		580 WESTLAKE PARK BLVD.
		STREET 2:		SUITE 525
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77079

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BPZ ENERGY INC
		DATE OF NAME CHANGE:	20050215

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	NAVIDEC INC
		DATE OF NAME CHANGE:	19961017
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar.xml
<DESCRIPTION>FORM 4 -
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2011-02-03</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001023734</issuerCik>
        <issuerName>BPZ RESOURCES, INC.</issuerName>
        <issuerTradingSymbol>BPZ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001303298</rptOwnerCik>
            <rptOwnerName>Zuniga-Rivero Fernando J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>580 WESTLAKE PARK BLVD</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 525</rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77079</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2011-02-03</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>25000</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>6.0035</value>
                    <footnoteId id="F3"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4865936</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">These shares were sold under a 10b5-1 plan.</footnote>
        <footnote id="F2">Represents 19 independent sales as follows: 1 independent sale for a total of 21193 shares at $6.00,  3 independent sales for a total of 600 shares at $6.01, 10 independent sales for a total of 1407 shares at $6.02  and 5 independent sales for a total of 1800 shares at $6.03.</footnote>
        <footnote id="F3">This price represents the weighted average sales price for multiple transactions reported on this line. The execution price of each trade was between $6.00 and $6.03.</footnote>
        <footnote id="F4">The number of shares reflected above as beneficially owned by Dr. Zuniga y Rivero includes 942,006 shares, 195,107 shares, 1,191,917 shares and 140,902 shares held in grantor retained annuity trusts, but does not include 81,563 shares held of record by his wife, Blanca Pflucker de Zuniga as Dr Zuniga y Rivero disclaims beneficial ownership of these shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Fernando J Zuniga y Rivero</signatureName>
        <signatureDate>2011-02-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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