Morrisett Michael R. 4
4 · EMPIRE PETROLEUM CORP · Filed Sep 30, 2021
Insider Transaction Report
Form 4
Morrisett Michael R.
DirectorPresident & CEO
Transactions
- Exercise of In-Money
Common Stock
2021-09-28$0.25/sh+200,000$50,000→ 1,893,128 total - Exercise of In-Money
Common Stock
2021-09-28$0.33/sh+143,600$47,388→ 1,836,728 total - Exercise of In-Money
Common Stock Warrant (Right to Buy)
2021-09-28−200,000→ 0 totalExercise: $0.25From: 2017-12-01Exp: 2029-04-02→ Common Stock (200,000 underlying) - Sale
Common Stock
2021-09-28$0.75/sh−200,000$150,000→ 1,693,128 total - Sale
Common Stock
2021-09-28$0.75/sh−143,600$107,700→ 1,693,128 total - Exercise of In-Money
Employee Stock Option (Right to Buy)
2021-09-28−2,500,000→ 2,356,400 totalExercise: $0.33From: 2019-04-03Exp: 2029-04-02→ Common Stock (143,600 underlying)
Footnotes (2)
- [F1]Common Stock Warrant was amended on 04/03/2019 to extend the expiration date from 12/31/2021 to 04/02/2029.
- [F2]The Option vests in three installments as follows: 1,250,000 on April 3, 2019; 625,000 on April 3, 2020; and 625,000 on April 3, 2021.