Richard MacPherson - Jun 24, 2024 Form 4 Insider Report for Midwest Energy Emissions Corp. (MEEC)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ Richard MacPherson
Stock symbol: MEEC
Transactions as of: Jun 24, 2024
Transactions value $: $0
Form type: 4
Date filed: 6/26/2024, 05:36 PM
Previous filing: Jan 16, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MEEC	Common Stock	Options Exercise	$405K	+1.5M	+12.69%	$0.27^*	13.3M	Jun 24, 2024	Direct	F1
transaction	MEEC	Common Stock	Tax liability	-$405K	-614K	-4.61%	$0.66	12.7M	Jun 24, 2024	Direct	F1

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	-1.5M	-100%	$0.00^*	0	Jun 24, 2024	Common Stock	1.5M	$0.27	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 1,500,000 shares of common stock, pursuant to which 613,544 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 886,456 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 1,500,000 shares of common stock, pursuant to which 613,544 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 886,456 shares of common stock being issued to the Reporting Person on a net basis.