Mark Duff - May 9, 2022 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Role
President and CEO
Signature
/s/ Mark Duff
Stock symbol
PESI
Transactions as of
May 9, 2022
Transactions value $
-$1
Form type
4
Date filed
5/11/2022, 09:03 AM
Previous filing
Dec 20, 2021
Next filing
May 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PESI Common Stock Options Exercise $199K +50K +250.53% $3.97 70K May 9, 2022 Direct F1
transaction PESI Common Stock Tax liability -$199K -33.5K -47.85% $5.93 36.5K May 9, 2022 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 PESI Stock Option (right to buy) Options Exercise $0 -50K -100% $0.00* 0 May 9, 2022 Common Stock 50K $3.97 Direct F1, F2
holding PESI Stock Option (right to buy) 100K May 9, 2022 Common Stock 100K $3.65 Direct F3
holding PESI Stock Option (right to buy) 25K May 9, 2022 Common Stock 25K $3.15 Direct F4
holding PESI Stock Option (right to buy) 50K May 9, 2022 Common Stock 50K $7.01 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 9, 2022, the Reporting Person exercised 100% of an incentive stock option granted May 15, 2016 under the Company's 2010 Stock Option Plan (the "2010 Plan"), for the purchase of 50,000 shares of the Company's Common Stock at an exercise price of $3.97 per share (the "Option Shares"). As permitted by the 2010 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 $198,500. Since the fair market value of the Company's Common Stock on May 9, 2022 (as determined in accordance with the 2010 Plan) was $5.93 per share, the Company withheld 33,474 shares of Common Stock ($198,500 divided by $5.93) to pay the aggregate exercise price of the option.
F2 Incentive stock option granted 05/15/2016 under the 2010 Plan. The option was for a 6-year period and vested over a 3-year period, in equal one-third increments per year.
F3 Incentive stock option granted 07/27/2017 under the Company's 2017 Stock Option Plan (the "2017 Plan"). The option is for a 6-year period and vests over a 5-year period, in equal one-fifth increments per year.
F4 Incentive stock option granted 01/17/2019 under the Company's 2017 Plan. The option is for a 6-year period and vests over a 5-year period, in equal one-fifth increments per year.
F5 Incentive stock option granted 10/14/2021 under the Company's 2017 Plan. The option is for a 6-year period and vests over a 5-year period, in equal one-fifth increments per year.