Stacy D. Hardin - Apr 12, 2023 Form 4 Insider Report for MEXCO ENERGY CORP (MXC)

Role
SECRETARY
Signature
/s/ Stacy D. Hardin
Stock symbol
MXC
Transactions as of
Apr 12, 2023
Transactions value $
$69,740
Form type
4
Date filed
4/14/2023, 08:39 PM
Previous filing
Aug 24, 2022
Next filing
Apr 10, 2024

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 MXC STOCK OPTIONS Award $69.7K +5.5K +40% $12.68 19.3K Apr 12, 2023 COMMON STOCK 5.5K $12.68 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options granted pursuant to Mexco Energy Corporation 2019 Employee Incentive Stock Plan.
F2 The shares vest 1/4 each year for four consecutive years ( 1/4 in 2024, 1/4 in 2025, 1/4 in 2026 and 1/4 in 2027).
F3 Of these 19,250 option shares, 3,750 are vested and can be acquired at the following prices: 1,250 shares @ $8.51 per share; 1,250 shares @ $4.84; and, 1,250 shares @ $3.34.