Pritchard Thomas W. 4
4 · EMPIRE PETROLEUM CORP · Filed Jan 6, 2023
Insider Transaction Report
Form 4
Pritchard Thomas W.
Chief Executive Officer
Transactions
- Exercise of In-Money
Common Stock
2023-01-04$1.32/sh+312,918$413,052→ 601,968 total - Exercise of In-Money
Common Stock
2023-01-04$1.40/sh+31,472$44,061→ 633,440 total - Exercise/Conversion
Common Stock Optioin (Right to Buy)
2023-01-04−354,100→ 0 totalExercise: $1.32From: 2019-04-03Exp: 2029-04-02→ Common Stock (354,100 underlying) - Exercise/Conversion
Employee Stock Option (Right to Buy)
2023-01-04−35,900→ 464,100 totalExercise: $1.40From: 2020-12-31Exp: 2029-04-02→ Common Stock (35,900 underlying)
Footnotes (4)
- [F1]As adjusted to give effect to Empire's 1-for-4 reverse common stock split which became effective on March 7, 2022 ("Reverse Stock Split").
- [F2]The option vested in three installments as follows: 312,500 on April 3, 2019; 156,250 on April 3, 2020; and 156,250 on April 3, 2021 (as adjusted for the Reverse Stock Split).
- [F3]Of the 354,100 shares, 41,182 were surrendered to Empire in connection with a cashless exercise.
- [F4]Of the 35,900 shares, 4,428 were surrendered to Empire in connection with a cashless exercise.