strickland john noel 4
4 · Vertex Energy Inc. · Filed Sep 17, 2021
Insider Transaction Report
Form 4
Transactions
- Tax Payment
Common Stock
2021-09-14$6.88/sh−19,985$137,497→ 342,125 total - Exercise/Conversion
Stock Option
2021-09-14−50,000→ 0 totalExercise: $2.75Exp: 2021-09-23→ Common Stock (50,000 underlying) - Exercise/Conversion
Common Stock
2021-09-14$2.75/sh+50,000$137,500→ 362,110 total
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 30,015 shares of common stock on the net exercise of an option to purchase 50,000 shares of common stock. The Issuer withheld 19,985 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 September 14, 2021, of $6.88, as calculated pursuant to the terms of the option award (the "FMV").
- [F2]Options to purchase 12,500 shares vested on September 23, 2012, 2013, 2014 and 2015.