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

Role
SECRETARY
Signature
/s/ Stacy D. Hardin
Issuer symbol
MXC
Transactions as of
12 Apr 2023
Net transactions value
+$69,740
Form type
4
Filing time
14 Apr 2023, 20:39:52 UTC
Previous filing
24 Aug 2022
Next filing
10 Apr 2024
SEC
View on sec.gov

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 $69,740 +5,500 +40% $12.68 19,250 12 Apr 2023 COMMON STOCK 5,500 $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.