4//SEC Filing
Cowart Benjamin P 4
Accession 0001580695-22-000014
CIK 0000890447other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 5:21 PM ET
Size
19.9 KB
Accession
0001580695-22-000014
Insider Transaction Report
Form 4
Cowart Benjamin P
DirectorCEO and President10% Owner
Transactions
- Gift
Common Stock
2021-04-11−152,817→ 1,771,334 total - Other
Common Stock
2021-08-10−1,000,000→ 618,517 total - Exercise/Conversion
Common Stock
2021-06-24+45,833→ 4,852,594 total(indirect: Through B&S Cowart II Family LP) - Exercise/Conversion
Common Stock
2021-07-01$1.53/sh+8,013$12,260→ 4,850,607 total(indirect: Through B&S Cowart II Family LP) - Exercise/Conversion
Series B1 Preferred Stock
2021-06-24−45,833→ 0 total(indirect: Through B&S Cowart II Family LP)Exercise: $1.56→ Common Stock (45,833 underlying) - Exercise/Conversion
Common Stock Purchase Warrants
2021-07-01−8,013→ 0 total(indirect: Through B&S Cowart II Family LP)Exercise: $1.53From: 2016-11-14Exp: 2021-11-13→ Common Stock (8,013 underlying) - Other
Common Stock
2021-08-10+1,000,000→ 5,850,607 total(indirect: Through B&S Cowart II Family LP)
Holdings
- 7,500(indirect: Through Vertex Holdings, LP)
Common Stock
- 174,085(indirect: By Spouse)
Common Stock
- 100,765(indirect: Through VTX Inc.)
Common Stock
- 70,214(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Represents the transfer of shares from Mr. Cowart's personal record ownership to his family partnership, which did not result in a change of beneficial ownership of such securities.
- [F2]Reflects the automatic conversion of shares of Series B1 Preferred Stock into common stock, on a one-for-one basis, in connection with the triggering of the Automatic Conversion. The Series B1 Preferred Stock (including accrued and unpaid dividends) was 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 traded at or above $3.90 per share (250% of the Unit Price) for a period of 20 consecutive trading days, the Series B1 Preferred Stock converted into common stock on a one-for-one basis (an "Automatic Conversion").
- [F3]The Series B1 Preferred Stock did not have an expiration date.
Documents
Issuer
Vertex Energy Inc.
CIK 0000890447
Entity typeother
Related Parties
1- filerCIK 0001457168
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 5:21 PM ET
- Size
- 19.9 KB