Form 4 for PESI PERMA FIX ENVIRONMENTAL SERVICES INC
Accepted 2022-05-11 00:00:00 ET · period of report 2022-05-09 · accession 0001493152-22-012789 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-05-11 | 2022-05-09 | PESI | Duff Mark | Pres, CEO | M - OptEx | $3.97 | +50.0K | 70.0K | +251% | +$198.5K |
| D | 2022-05-11 | 2022-05-09 | PESI | Duff Mark | Pres, CEO | F - Tax | $5.93 | -33.5K | 36.5K | -48% | -$198.5K |
| D | 2022-05-11 | 2022-05-09 | PESI | Duff Mark | Pres, CEO | M - OptEx | $0.00 | -50.0K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-05-09 | M | A | 50,000 | $3.97 | 69,958 | D | — | — | (F1) On May 9, 2022, the Reporting Person exercised 100% of an incentive stock option granted May 15, 2016 under the Company's 2010 Stock Option Plan (the "2010 Plan"), for the purchase of 50,000 shares of the Company's Common Stock at an exercise price of $3.97 per share (the "Option Shares"). As permitted by the 2010 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $198,500. Since the fair market value of the Company's Common Stock on May 9, 2022 (as determined in accordance with the 2010 Plan) was $5.93 per share, the Company withheld 33,474 shares of Common Stock ($198,500 divided by $5.93) to pay the aggregate exercise price of the option. |
| 2 | Common | Common Stock | 2022-05-09 | F | D | 33,474 | $5.93 | 36,484 | D | — | — | (F1) On May 9, 2022, the Reporting Person exercised 100% of an incentive stock option granted May 15, 2016 under the Company's 2010 Stock Option Plan (the "2010 Plan"), for the purchase of 50,000 shares of the Company's Common Stock at an exercise price of $3.97 per share (the "Option Shares"). As permitted by the 2010 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $198,500. Since the fair market value of the Company's Common Stock on May 9, 2022 (as determined in accordance with the 2010 Plan) was $5.93 per share, the Company withheld 33,474 shares of Common Stock ($198,500 divided by $5.93) to pay the aggregate exercise price of the option. |
| 3 | Derivative | Stock Option (right to buy) | 2022-05-09 | M | D | 50,000 | $0.00 | 0 | D | $3.97 · — to 2022-05-22 | 50,000 Common Stock | (F1) On May 9, 2022, the Reporting Person exercised 100% of an incentive stock option granted May 15, 2016 under the Company's 2010 Stock Option Plan (the "2010 Plan"), for the purchase of 50,000 shares of the Company's Common Stock at an exercise price of $3.97 per share (the "Option Shares"). As permitted by the 2010 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $198,500. Since the fair market value of the Company's Common Stock on May 9, 2022 (as determined in accordance with the 2010 Plan) was $5.93 per share, the Company withheld 33,474 shares of Common Stock ($198,500 divided by $5.93) to pay the aggregate exercise price of the option. (F2) Incentive stock option granted 05/15/2016 under the 2010 Plan. The option was for a 6-year period and vested over a 3-year period, in equal one-third increments per year. |