4//SEC Filing
HARVEY TIMOTHY C 4
Accession 0001580695-21-000196
CIK 0000890447other
Filed
Jul 11, 8:00 PM ET
Accepted
Jul 12, 8:45 PM ET
Size
35.1 KB
Accession
0001580695-21-000196
Insider Transaction Report
Form 4
HARVEY TIMOTHY C
Director
Transactions
- Exercise/Conversion
Common Stock
2021-07-01$1.45/sh+30,000$43,500→ 30,000 total - Exercise/Conversion
Stock Option
2021-07-01−60,000→ 0 totalExercise: $1.26Exp: 2026-12-13→ Common Stock (60,000 underlying) - Exercise/Conversion
Stock Option
2021-07-01−30,000→ 30,000 totalExercise: $1.45Exp: 2029-05-20→ Common Stock (30,000 underlying) - Exercise/Conversion
Stock Option
2021-07-01−60,000→ 0 totalExercise: $2.08Exp: 2025-07-07→ Common Stock (60,000 underlying) - Exercise/Conversion
Stock Option
2021-07-01−75,000→ 0 totalExercise: $6.62Exp: 2024-10-03→ Common Stock (75,000 underlying) - Sale
Common Stock
2021-07-06$10.84/sh−10,000$108,440→ 0 total(indirect: By Trust) - Exercise/Conversion
Common Stock
2021-07-01$1.26/sh+60,000$75,600→ 85,752 total - Tax Payment
Common Stock
2021-07-01$10.24/sh−48,450$496,128→ 152,732 total - Tax Payment
Common Stock
2021-07-01$10.24/sh−17,344$177,603→ 195,388 total - Tax Payment
Common Stock
2021-07-01$10.24/sh−4,248$43,500→ 25,752 total - Tax Payment
Common Stock
2021-07-01$10.24/sh−7,383$75,602→ 78,369 total - Tax Payment
Common Stock
2021-07-01$10.24/sh−12,187$124,795→ 126,182 total - Exercise/Conversion
Stock Option
2021-07-01−60,000→ 0 totalExercise: $2.96Exp: 2023-09-27→ Common Stock (60,000 underlying) - Exercise/Conversion
Common Stock
2021-07-01$2.08/sh+60,000$124,800→ 138,369 total - Exercise/Conversion
Common Stock
2021-07-01$6.62/sh+75,000$496,125→ 201,182 total - Exercise/Conversion
Common Stock
2021-07-01$2.96/sh+60,000$177,600→ 212,732 total
Holdings
- 4,000(indirect: By Trust)
Common Stock
- 1,800(indirect: By Trust)
Common Stock
Footnotes (11)
- [F1]This transaction was executed in multiple trades at prices ranging from $10.96 to $10.81. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was affected.
- [F10]Options to purchase 18,750 shares vested on October 3, 2015, 2016, 2017 and 2018.
- [F11]Options to purchase 15,000 shares vested on September 27, 2014, 2015, 2016 and 2017.
- [F2]Represents a "net exercise" of outstanding stock options. The reporting person received 25,752 shares of common stock on the net exercise of an option to purchase 30,000 shares of common stock. The Issuer withheld 4,248 shares of common stock underlying the option in payment of the exercise price, based on the five-day volume weighted average closing price of the Issuer's common stock, for the five trading days prior to July 1, 2021, of $10.24, as calculated pursuant to the terms of the option award (the "FMV").
- [F3]Represents a "net exercise" of outstanding stock options. The reporting person received 52,617 shares of common stock on the net exercise of an option to purchase 60,000 shares of common stock. The reporting person forfeited 7,383 shares of common stock underlying the option in payment of the exercise price, based on the FMV.
- [F4]Represents a "net exercise" of outstanding stock options. The reporting person received 47,813 shares of common stock on the net exercise of an option to purchase 60,000 shares of common stock. The reporting person forfeited 12,188 shares of common stock underlying the option in payment of the exercise price, based on the FMV.
- [F5]Represents a "net exercise" of outstanding stock options. The reporting person received 26,550 shares of common stock on the net exercise of an option to purchase 75,000 shares of common stock. The reporting person forfeited 48,450 shares of common stock underlying the option in payment of the exercise price, based on the FMV.
- [F6]Represents a "net exercise" of outstanding stock options. The reporting person received 42,656 shares of common stock on the net exercise of an option to purchase 60,000 shares of common stock. The reporting person forfeited 17,344 shares of common stock underlying the option in payment of the exercise price, based on the fair market value of the Issuer's common stock at the time of the option exercise, based on the FMV.
- [F7]Options to purchase 15,000 shares vested on May 20, 2020 and 2021.
- [F8]Options to purchase 15,000 shares vested on December 13, 2017, 2018, 2019 and 2020.
- [F9]Options to purchase 15,000 shares vested on July 7, 2016, 2017, 2018 and 2019.
Documents
Issuer
Vertex Energy Inc.
CIK 0000890447
Entity typeother
Related Parties
1- filerCIK 0001566480
Filing Metadata
- Form type
- 4
- Filed
- Jul 11, 8:00 PM ET
- Accepted
- Jul 12, 8:45 PM ET
- Size
- 35.1 KB