Nicholas Carter - Jan 15, 2020 Form 4 Insider Report for TRECORA RESOURCES (TREC)

Role
Director
Signature
/s/ Michael W. Silberman, Attorney-in-Fact
Stock symbol
TREC
Transactions as of
Jan 15, 2020
Transactions value $
-$3,900,071
Form type
4
Date filed
6/28/2022, 04:22 PM
Next filing
May 14, 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREC Common stock Sale -$35.5K -5K -1.21% $7.10 409K Jan 15, 2020 Direct F1, F2
transaction TREC Common stock Gift $0 -1.93K -0.47% $0.00 407K Mar 19, 2021 Direct
transaction TREC Common stock Gift $0 -13K -3.2% $0.00 394K Mar 23, 2021 Direct
transaction TREC Common stock Disposition pursuant to a tender of shares in a change of control transaction -$3.86M -394K -100% $9.81 0 Jun 24, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TREC Stock Option (Right to Buy) Disposed to Issuer $0 -150K -100% $0.00* 0 Jun 27, 2022 Common stock 150K $12.26 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Nicholas Carter is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The sale of these 5,000 shares of common stock was effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person on December 17, 2019.
F2 Reflects an increase of 2,548 shares of common stock reported to be owned by Reporting Person due to a clerical error on a previous Form 4.
F3 Pursuant to the Merger Agreement, this option (which was full vested) was cancelled immediately prior to the Effective Time without any consideration payable therefor.
F4 On May 11, 2022, Trecora Resources (the "Issuer") entered into an Agreement and Plan of Merger with the Balmoral Swan Parent, Inc., a Delaware corporation (the "Parent"), and Balmoral Swan MergerSub, Inc., a Delaware corporation (the "Purchaser") and a wholly owned subsidiary of Parent (the "Merger Agreement"). On June 27, 2022, the Purchaser merged with and into the Issuer pursuant to Section 251(h) of the General Corporation Law of the State of Delaware, with the Issuer being the surviving corporation and becoming a wholly-owned subsidiary of the Parent. All terms capitalized but not defined shall have the meaning given to them in the Merger Agreement.