Michael R. Morrisett - 28 Feb 2022 Form 4 Insider Report for EMPIRE PETROLEUM CORP (EP)

Role
President, Director
Signature
/s/ Michael R. Morrisett
Issuer symbol
EP
Transactions as of
28 Feb 2022
Net transactions value
$0
Form type
4
Filing time
02 Mar 2022, 19:46:20 UTC
Previous filing
30 Sep 2021
Next filing
27 May 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 Award $0 +40,000 +2.4% $0.000000 1,733,128 28 Feb 2022 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 Employee Stock Option (Right to Buy) Award $0 +120,000 $0.000000 120,000 28 Feb 2022 Common Stock 120,000 $2.95 Direct F1
transaction EP Employee Stock Option (Right to Buy) Award $0 +120,000 $0.000000 120,000 28 Feb 2022 Common Stock 120,000 $2.95 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Option vests in three equal annual installments beginning on February 28, 2023.
F2 The Option vests in one-third increments on each of the second, third and fourth anniversary of the date of the grant.