Richard MacPherson - 08 Nov 2022 Form 4 Insider Report for Midwest Energy Emissions Corp. (BCHT)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ Richard MacPherson
Issuer symbol: BCHT
Transactions as of: 08 Nov 2022
Net transactions value: $0
Form type: 4
Filing time: 10 Nov 2022, 16:23:15 UTC
Previous filing: 24 Nov 2021
Next filing: 03 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MEEC	Common Stock	Award	$0	+3,000,000	+35%	$0.000000	11,680,826	08 Nov 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Such shares represent a retention stock bonus awarded to the Reporting Person. So long as the Reporting Person remains in the continuous employ of the Issuer, the shares shall vest according to the following: 25.0% shall vest six months from the date of grant, and another 25.0% shall vest on each subsequent six-month anniversary of the date of grant so that the stock award is fully vested two years from the date of grant. Any unvested shares shall be forfeited immediately when the Reporting Person is no longer in the continuous employ of the Issuer, unless due to death, disability or a change in control. No cash consideration was paid for the shares. The shares issued to the Reporting Person were valued at $0.30 per share, representing the value as of the date of grant.

Content

Such shares represent a retention stock bonus awarded to the Reporting Person. So long as the Reporting Person remains in the continuous employ of the Issuer, the shares shall vest according to the following: 25.0% shall vest six months from the date of grant, and another 25.0% shall vest on each subsequent six-month anniversary of the date of grant so that the stock award is fully vested two years from the date of grant. Any unvested shares shall be forfeited immediately when the Reporting Person is no longer in the continuous employ of the Issuer, unless due to death, disability or a change in control. No cash consideration was paid for the shares. The shares issued to the Reporting Person were valued at $0.30 per share, representing the value as of the date of grant.