Thomas W. Pritchard - 28 Sep 2021 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role: Chief Executive Officer, Director
Signature: /s/ Thomas W. Pritchard
Issuer symbol: EP
Transactions as of: 28 Sep 2021
Transactions value $: $-160,312
Form type: 4
Filing time: 30 Sep 2021, 18:43:53 UTC
Previous filing: 01 Jun 2021
Next filing: 14 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EP	Common Stock	Exercise of in-the-money or at-the-money derivative security	$50,000	+200,000		$0.2500^*	200,000	28 Sep 2021	Direct
transaction	EP	Common Stock	Sale	$-150,000	-200,000	-100%	$0.7500^*	0	28 Sep 2021	Direct
transaction	EP	Common Stock	Exercise of in-the-money or at-the-money derivative security	$47,388	+143,600		$0.3300^*	143,600	28 Sep 2021	Direct
transaction	EP	Common Stock	Sale	$-107,700	-143,600	-100%	$0.7500^*	0	28 Sep 2021	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	EP	Common Stock Warrant (Right to Buy)	Exercise of in-the-money or at-the-money derivative security	$0	-200,000	-100%	$0.000000^*	0	28 Sep 2021	Common Stock	200,000	$0.2500	Direct	F1
transaction	EP	Employee Stock Option (Right to Buy)	Exercise of in-the-money or at-the-money derivative security	$0	-2,500,000	-51.5%	$0.000000	2,356,400	28 Sep 2021	Common Stock	143,600	$0.3300	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Common Stock Warrant was amended on 04/03/2019 to extend the expiration date from 12/31/2021 to 04/02/2029.
F2	The Option vests in three installments as follows: 1,250,000 on April 3, 2019; 625,000 on April 3, 2020; and 625,000 on April 3, 2021.