4//SEC Filing
Stratton Christopher Allen 4
Accession 0001839882-23-007385
CIK 0000890447other
Filed
Mar 22, 8:00 PM ET
Accepted
Mar 23, 4:15 PM ET
Size
21.0 KB
Accession
0001839882-23-007385
Insider Transaction Report
Form 4
Stratton Christopher Allen
Chief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
2023-03-16$1.26/sh+60,000$75,600→ 126,913 total - Tax Payment
Common Stock
2023-03-16$8.22/sh−9,193$75,566→ 117,720 total - Exercise/Conversion
Common Stock
2023-03-16$1.45/sh+45,000$65,250→ 162,720 total - Tax Payment
Common Stock
2023-03-16$8.22/sh−7,934$65,217→ 154,786 total - Exercise/Conversion
Common Stock
2023-03-16$1.92/sh+15,000$28,800→ 169,786 total - Tax Payment
Common Stock
2023-03-16$8.22/sh−3,502$28,786→ 166,284 total - Exercise/Conversion
Option to Purchase Common Stock
2023-03-16−60,000→ 0 totalExercise: $1.26Exp: 2026-12-13→ Common Stock (60,000 underlying) - Exercise/Conversion
Option to Purchase Common Stock
2023-03-16−45,000→ 15,000 totalExercise: $1.45Exp: 2029-05-20→ Common Stock (45,000 underlying) - Exercise/Conversion
Option to Purchase Common Stock
2023-03-16−15,000→ 45,000 totalExercise: $1.92Exp: 2031-05-14→ Common Stock (15,000 underlying)
Footnotes (8)
- [F1]Represents a "net exercise" of outstanding stock options. The reporting person received 50,807 shares of common stock upon the net exercise of options to purchase 60,000 shares of common stock. The Company withheld 9,193 shares of common stock underlying the portion of the option exercised for payment of the exercise price, using the fair market value on March 16, 2023, pursuant to the terms of the applicable option agreement.
- [F2]Represents a "net exercise" of outstanding stock options. The reporting person received 37,066 shares of common stock upon the net exercise of options to purchase 45,000 shares of common stock. The Company withheld 7,934 shares of common stock underlying the portion of the option exercised for payment of the exercise price, using the fair market value on March 16, 2023, pursuant to the terms of the applicable option agreement.
- [F3]Represents a "net exercise" of outstanding stock options. The reporting person received 11,498 shares of common stock upon the net exercise of options to purchase 15,000 shares of common stock. The Company withheld 3,502 shares of common stock underlying the portion of the option exercised for payment of the exercise price, using the fair market value on March 16, 2023, pursuant to the terms of the applicable option agreement.
- [F4]A total of 15,000 of the options vested on each of December 13, 2017, 2018, 2019 and 2020.
- [F5]A total of 15,000 of the options vested on each of May 20, 2020, 2021 and 2022.
- [F6]The 15,000 options vested on May 14, 2022.
- [F7]These options vest on May 20, 2023, subject to the Reporting Person's continued service to the Issuer on such date.
- [F8]These options vest at the rate of 15,000 of such options on each of May 14, 2023, 2024 and 2025, subject to the Reporting Person's continued service to the Issuer on such dates.
Issuer
Vertex Energy Inc.
CIK 0000890447
Entity typeother
Related Parties
1- filerCIK 0001470954
Filing Metadata
- Form type
- 4
- Filed
- Mar 22, 8:00 PM ET
- Accepted
- Mar 23, 4:15 PM ET
- Size
- 21.0 KB