Rafael Pons - May 15, 2021 Form 3/A - Amendment Insider Report for TRECORA RESOURCES (TREC)

Role
Chief Manufacturing Officer
Signature
/s/ Michael Silberman as attorney in fact for Rafael Pons
Stock symbol
TREC
Transactions as of
May 15, 2021
Transactions value $
$0
Form type
3/A - Amendment
Date filed
6/15/2021, 05:27 PM
Date Of Original Report
May 21, 2021
Next filing
Feb 15, 2022

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
holding TREC Restricted Stock Units May 15, 2021 Common stock 30.8K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amendment is being filed to correct the number of Restricted Stock Units that were included in error in Table II in the original filing.
F2 One half of award vests ratably over 3 years beginning with the first anniversary date of the grant date. The remaining 50% vest at the end of three years subject to performance criteria.
F3 This amount includes a recalculated pro-rata adjustment (approved in connection with Mr. Pons' appointment as Chief Manufacturing Officer) to reflect the increase in the award target and base salary for his existing participation in Trecora Resources' annual long term incentive plan.
F4 Granted as officer compensation. Converts into common stock on a one-for-one basis.