Borgen Dan 4
4 · Vertex Energy Inc. · Filed Sep 24, 2021
Insider Transaction Report
Form 4
Borgen Dan
Director
Transactions
- Tax Payment
Common Stock
2021-09-22$5.99/sh−11,143$66,747→ 13,857 total - Exercise/Conversion
Stock Option
2021-09-22−25,000→ 0 totalExercise: $2.75Exp: 2021-09-23→ Common Stock (25,000 underlying) - Exercise/Conversion
Common Stock
2021-09-22$2.75/sh+25,000$68,750→ 25,000 total
Holdings
- 195,324(indirect: By LLC)
Common Stock
Footnotes (2)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 13,857 shares of common stock on the net exercise of an option to purchase 25,000 shares of common stock. The Issuer withheld 11,143 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 22, 2021, of $5.99, as calculated pursuant to the terms of the option award (the "FMV").
- [F2]Options to purchase 6,250 shares vested on each of September 23, 2012, 2013, 2014 and 2015.