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

Role: Senior VP/Chief Tech Officer
Signature: /s/ John Pavlish
Issuer symbol: MEEC
Transactions as of: 24 Jun 2024
Transactions value $: $-0.4933
Form type: 4
Filing time: 26 Jun 2024, 17:53:54 UTC
Previous filing: 16 Jan 2024
Next filing: 23 Jun 2025
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	$450,000	+1,000,000	+91.1%	$0.4500	2,097,243	24 Jun 2024	Direct	F1
transaction	MEEC	Common Stock	Tax liability	$-450,000	-681,715	-32.5%	$0.6601	1,415,528	24 Jun 2024	Direct	F1
transaction	MEEC	Common Stock	Options Exercise	$162,000	+600,000	+42.4%	$0.2700^*	2,015,528	24 Jun 2024	Direct	F2
transaction	MEEC	Common Stock	Tax liability	$-162,000	-245,418	-12.2%	$0.6601	1,770,110	24 Jun 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	-1,000,000	-100%	$0.000000^*	0	24 Jun 2024	Common Stock	1,000,000	$0.4500	Direct
transaction	MEEC	Stock Option (Right to Buy)	Options Exercise	$0	-600,000	-100%	$0.000000^*	0	24 Jun 2024	Common Stock	600,000	$0.2700	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.

Content

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.

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.