Richard Grondin - 02 Oct 2023 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Role
EVP of Waste Treatment Ops
Signature
/s/Richard Grondin
Issuer symbol
PESI
Transactions as of
02 Oct 2023
Net transactions value
+$4.96
Form type
4
Filing time
04 Oct 2023, 12:16:00 UTC
Previous filing
23 Jan 2023
Next filing
27 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PESI Common Stock Options Exercise $72,000 +20,000 +1931% $3.60 21,036 02 Oct 2023 Direct F1
transaction PESI Common Stock Tax liability $71,999 -7,118 -34% $10.12 13,918 02 Oct 2023 Direct F1
transaction PESI Common Stock Options Exercise $25,200 +8,000 +57% $3.15 21,918 02 Oct 2023 Direct F2
transaction PESI Common Stock Tax liability $25,196 -2,491 -11% $10.12 19,427 02 Oct 2023 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 PESI Stock Option Options Exercise $0 -20,000 -100% $0.000000* 0 02 Oct 2023 Common Stock 20,000 $3.60 Direct F1, F3
transaction PESI Stock Option Options Exercise $0 -8,000 -80% $0.000000 2,000 02 Oct 2023 Common Stock 8,000 $3.15 Direct F2, F4
holding PESI Stock Option 25,000 02 Oct 2023 Common Stock 25,000 $7.00 Direct F5
holding PESI Stock Option 30,000 02 Oct 2023 Common Stock 30,000 $3.95 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 2, 2023, the Reporting Person exercised the incentive stock option granted 10/19/2017 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 20,000 shares of the Company's Common Stock at an exercise price of $3.60 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $72,000. Since the fair market value of the Company's Common Stock on October 2, 2023 (as determined in accordance with the 2017 Plan) was $10.115 per share, the Company withheld 7,118 shares of Common Stock ($72,000 divided by $10.115) to pay the aggregate exercise price of the option.
F2 On October 2, 2023, the Reporting Person exercised the incentive stock option granted 01/17/2019 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 8,000 of the 10,000 shares of the Company's Common Stock at an exercise price of $3.15 per share (the "Option shares"). As permitted by the 2017 Plan, the Reporting Person elected to pay the exercise price of the Option Shares by having the Company withhold from the Option Shares a number of shares having a fair market value equal to the aggregate exercise price of $25,200. Since the fair market value of the Company's Common Stock on October 2, 2023 (as determined in accordance with the 2017 Plan) was $10.115 per share, the Company withheld 2,491 shares of Common Stock ($25,200,000 divided by $10.115) to pay the aggregate exercise price of the option.
F3 Incentive stock option granted 10/19/2017 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.
F4 Incentive Stock Option granted 01/17/2019 under the Company's 2017 Stock Option Plan. The Option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.
F5 Incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.
F6 Incentive stock option granted 01/19/2023 under the Company's 2017 Stock Option Plan. The option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.