Stratton Christopher Allen 4
4 · Vertex Energy Inc. · Filed May 17, 2022
Insider Transaction Report
Form 4
Stratton Christopher Allen
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2022-05-16$2.08/sh+60,000$124,800→ 103,150 total - Tax Payment
Common Stock
2022-05-16$11.11/sh−11,237$124,843→ 91,913 total - Exercise/Conversion
Stock Option
2022-05-16−60,000→ 0 totalExercise: $2.08Exp: 2025-07-07→ Common Stock (60,000 underlying)
Footnotes (2)
- [F1]Options to purchase 15,000 shares vested on each of July 7, 2016, 2017, 2018 and 2019.
- [F2]Represents a "net exercise" of outstanding stock options. The reporting person received 48,763 shares of common stock upon the net exercise of options to purchase 60,000 shares of common stock. The Company withheld 11,237 shares of common stock underlying the portion of the option exercised for payment of the exercise price, using the fair market value on May 16, 2022, of $11.106, pursuant to the terms of the Registrant's Amended and Restated 2013 Stock Incentive Plan. Exempt from Section 16 under Rule 16b-3.