John Pavlish - Jun 24, 2024 Form 4 Insider Report for Midwest Energy Emissions Corp. (MEEC)

Role
Senior VP/Chief Tech Officer
Signature
/s/ John Pavlish
Stock symbol
MEEC
Transactions as of
Jun 24, 2024
Transactions value $
$0
Form type
4
Date filed
6/26/2024, 05:53 PM
Previous filing
Jan 16, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MEEC Common Stock Options Exercise $450K +1M +91.14% $0.45 2.1M Jun 24, 2024 Direct F1
transaction MEEC Common Stock Tax liability -$450K -682K -32.51% $0.66 1.42M Jun 24, 2024 Direct F1
transaction MEEC Common Stock Options Exercise $162K +600K +42.39% $0.27* 2.02M Jun 24, 2024 Direct F2
transaction MEEC Common Stock Tax liability -$162K -245K -12.18% $0.66 1.77M Jun 24, 2024 Direct F2

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 MEEC Stock Option (Right to Buy) Options Exercise $0 -1M -100% $0.00* 0 Jun 24, 2024 Common Stock 1M $0.45 Direct
transaction MEEC Stock Option (Right to Buy) Options Exercise $0 -600K -100% $0.00* 0 Jun 24, 2024 Common Stock 600K $0.27 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares of the Issuer's common stock acquired by the Reporting Person through the cashless exercise of an option to acquire 1,000,000 shares of common stock, pursuant to which 681,715 shares were withheld by the Issuer with a VWAP of $0.6601 per share to pay the exercise price of $0.45 per share, resulting in 318,285 shares of common stock being issued to the Reporting Person on a net basis.
F2 Reflects shares of the Issuer's common stock acquired by the Reporting Person through the cashless exercise of an option to acquire 600,000 shares of common stock, pursuant to which 245,418 shares were withheld by the Issuer with a VWAP of $0.6601 per share to pay the exercise price of $0.27 per share, resulting in 354,582 shares of common stock being issued to the Reporting Person on a net basis.