Tammy Mccomic - Apr 12, 2023 Form 4 Insider Report for MEXCO ENERGY CORP (MXC)

Role
PRESIDENT
Signature
/s/ Tammy L. McComic
Stock symbol
MXC
Transactions as of
Apr 12, 2023
Transactions value $
$317,000
Form type
4
Date filed
4/14/2023, 08:42 PM
Previous filing
Aug 24, 2022
Next filing
Apr 4, 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 $317K +25K +22.94% $12.68 134K Apr 12, 2023 COMMON STOCK 25K $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 134,000 option shares, 59,000 are vested and can be acquired at the following prices: 9,000 shares @ $7.00 per share; 25,000 @ $4.84 per share; 18,750 @ $3.34 per share; and, 6,250 @ $8.51.