Andy Lombardo - Mar 28, 2023 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Role
EVP of Nuclear & Technical Svc
Signature
/s/ Andy Lombardo
Stock symbol
PESI
Transactions as of
Mar 28, 2023
Transactions value $
-$6
Form type
4
Date filed
3/30/2023, 03:00 PM
Previous filing
Jan 23, 2023
Next filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction PESI Common Stock Options Exercise $43.2K +12K +173.91% $3.60 18.9K Mar 28, 2023 Direct F1
transaction PESI Common Stock Tax liability -$43.2K -3.6K -19.06% $12.00 15.3K Mar 28, 2023 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 Options Exercise $0 -12K -100% $0.00 0 Mar 28, 2023 Common Stock 12K $3.60 Direct F1, F2
holding PESI Stock Option 8K Mar 28, 2023 Common Stock 8K $3.15 Direct F3
holding PESI Stock Option 25K Mar 28, 2023 Common Stock 25K $7.01 Direct F4
holding PESI Stock Option 30K Mar 28, 2023 Common Stock 30K $3.95 Direct F5

Explanation of Responses:

Id Content
F1 On March 28, 2023, the Reporting Person exercised the incentive stock option granted 10/19/2017 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 12,000 shares of the Company's Common Stock at an exercise price of $3.60 per share (the "Option shares"). As permitted by the 2017 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 $43,200. Since the fair market value of the Company's Common Stock on March 28, 2023 (as determined in accordance with the 2017 Plan) was $11.995 per share, the Company withheld 3,602 shares of Common Stock ($43,200 divided by $11.995) to pay the aggregate exercise price of the option.
F2 Incentive stock option granted 10/19/2017 under the Company's 2017 Stock Option Plan, which is fully vested.
F3 Incentive Stock Option granted 01/17/2019 under the Company's 2017 Stock Option Plan. Option to purchase 6,000 shares is vested. Option to purchase 2,000 shares will vest on anniversary date of 1/17/2024.
F4 Incentive Stock Option granted 10/14/2021 under the Company's 2017 Stock Option Plan. The Option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.
F5 Incentive Stock Option granted 01/19/2023 under the Company's 2017 Stock Option Plan. The Option is for a 6 year period and vests over a 5 year period, at 1/5 increment per year.