SEC Form 4 · accession 0000945836-16-000034
Midwest Energy Emissions Corp. · MEEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard MacPherson
Officer — President and CEO · Director · 10% Owner
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 9:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000728385
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 30, 2016 | G | 25,000 | — | D | 10,730,905 | I | By 3253517 Nova Scotia Limited |
| Common Stock | holding | — | — | — | 506,920 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $0.81 | Jun 30, 2016 | A | 250,000 | A | — | Jun 30, 2021 | Common Stock | 250,000 | 250,000 | D |
Explanation of responses
- F1On June 30, 2016, 3253517 Nova Scotia Limited made a bona fide gift of 25,000 shares of common stock to one person.
- F2The Reporting Person is the controlling principal of 3253517 Nova Scotia Limited.
- F3The stock option shall vest and become exercisable at such time that the closing price of the Issuer's common stock is equal to or in excess of $0.80 per share for any consecutive 30 day trading period following the grant date.