4//SEC Filing
Carlson Chris 4
Accession 0001580695-21-000022
CIK 0000890447other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 4:32 PM ET
Size
7.1 KB
Accession
0001580695-21-000022
Insider Transaction Report
Form 4
Carlson Chris
Secretary
Transactions
- Other
Series B1 Preferred Stock
2021-01-14+1,075→ 44,055 totalExercise: $1.56From: 2021-01-14→ Common Stock (1,075 underlying)
Holdings
- 772,906
Common Stock
Footnotes (3)
- [F1]Mr. Carlson was issued the shares of Series B1 Preferred Stock in-kind in lieu of dividends which accrued on Series B1 Preferred Stock shares held by Mr. Carlson for the quarter ended December 31, 2020. The terms of the Series B1 Preferred Stock are described in greater detail in the Current Report filed by the Issuer on May 13, 2016. Exempt from Section 16(b) pursuant to Rule 16b-3(d).
- [F2]The Series B1 Preferred Stock (including accrued and unpaid dividends) is convertible into shares of the Issuer's common stock at the holder's option at any time at the Unit Price (initially a one-for-one basis). If the Issuer's common stock trades at or above $3.90 per share (250% of the Unit Price) for a period of 20 consecutive trading days, the Issuer may at such time force conversion of the Series B1 Preferred Stock (including accrued and unpaid dividends) into common stock of the Issuer.
- [F3]The Series B1 Preferred Stock has no expiration date.
Issuer
Vertex Energy Inc.
CIK 0000890447
Entity typeother
Related Parties
1- filerCIK 0001457633
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 4:32 PM ET
- Size
- 7.1 KB