Louis F. Centofanti - May 22, 2023 Form 4 Insider Report for PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)

Role
EVP of Strategic Initiatives, Director
Signature
/s/ Lou Centofanti
Stock symbol
PESI
Transactions as of
May 22, 2023
Transactions value $
-$2
Form type
4
Date filed
5/24/2023, 10:40 AM
Previous filing
Jan 23, 2023
Next filing
Dec 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PESI Common Stock Options Exercise $183K +50K +28.7% $3.65 224K May 22, 2023 Direct F1
transaction PESI Common Stock Tax liability -$183K -16.5K -7.37% $11.05 208K May 22, 2023 Direct F1
holding PESI Common Stock 62.8K May 22, 2023 Spouse

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 -50K -100% $0.00* 0 May 22, 2023 Common Stock 50K $3.65 Direct F1, F2
holding PESI Stock Option 15K May 22, 2023 Common Stock 15K $3.15 Direct F3
holding PESI Stock Option 20K May 22, 2023 Common Stock 20K $7.01 Direct F4
holding PESI Stock Option 30K May 22, 2023 Common Stock 30K $3.95 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 22, 2023, the Reporting Person exercised the incentive stock option granted 07/27/2017 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 50,000 shares of the Company's Common Stock at an exercise price of $3.65 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 $182,500. Since the fair market value of the Company's Common Stock on May 22, 2023 (as determined in accordance with the 2017 Plan) was $11.05 per share, the Company withheld 16,516 shares of Common Stock ($182,500 divided by $11.05) to pay the aggregate exercise price of the option.
F2 Incentive Stock Option granted 07/27/2017 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.
F3 Incentive Stock Option granted 01/17/2019 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.
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.