SEC Form 4 · accession 0001140361-18-024122
TRECORA RESOURCES · TREC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph P. Palm
Director
Period of report
May 9, 2018
Accepted (ET)
May 16, 2018 · 11:34 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000007039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stockF1,F3 | May 9, 2018 | M | 6,276 | — | A | 43,385 | D | |
| common stockF2 | May 9, 2018 | F | 2,510 | $11.95 | D | 40,875 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| restricted common stockF3,F1 | — | May 9, 2018 | M | 6,276 | D | — | — | common stock | 6,276 | 65,105 | D |
Explanation of responses
- F1Vesting of restricted stock which was granted on 11/17/16. Vesting occurs yearly beginning on 05/09/17 and each year subsequently until 05/09/20.
- F2Withheld for tax liability
- F3Granted as director compensation. Restricted stock converts into common stock on a one-for-one basis.