SEC Form 4 · accession 0001580695-17-000398

Vertex Energy Inc. · VTNR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — CEO and President · Director · 10% Owner

Period of report

Aug 20, 2017

Accepted (ET)

Aug 22, 2017 · 4:43 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000890447

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Common Stock	holding	—	—	—	2,147,164	D
Common Stock	holding	—	—	—	187,274	I	Through The Benjamin Paul Cowart 2015 Grantor Retained Annuity Trust
Common Stock	holding	—	—	—	244,299	I	Through The Shelley T. Cowart 2016 Grantor Retained Annuity Trust
Common Stock	holding	—	—	—	4,796,761	I	Through B&S Cowart II Family LP
Common Stock	holding	—	—	—	7,500	I	Through Vertex Holdings, Inc.
Common Stock	holding	—	—	—	100,765	I	Through VTX Inc.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option to Purchase Common Stock^F1	$1.07	Aug 20, 2017	A	37,500	A	Aug 20, 2018	Aug 20, 2022	Common Stock	37,500	37,500	D
Option to Purchase Common Stock^F1	$1.07	Aug 20, 2017	A	37,500	A	Aug 20, 2019	Aug 20, 2022	Common Stock	37,500	37,500	D
Option to Purchase Common Stock^F1	$1.07	Aug 20, 2017	A	37,500	A	Aug 20, 2020	Aug 20, 2022	Common Stock	37,500	37,500	D
Option to Purchase Common Stock^F1	$1.07	Aug 20, 2017	A	37,500	A	Aug 20, 2021	Aug 20, 2022	Common Stock	37,500	37,500	D

F1On August 20, 2017, the Issuer's Board of Directors approved the grant of options to purchase 150,000 shares of common stock to the Reporting Person in consideration for services rendered and to be rendered to the Issuer, which options were granted pursuant to the Amended and Restated 2013 Stock Incentive Plan of the Issuer, which issuance was exempt from Section 16(b) pursuant to Rule 16b-3(d).