Michael Zercher - Dec 14, 2021 Form 4 Insider Report for 22nd Century Group, Inc. (XXII)

Signature
/s/ John J. Wolfel, Attorney-in-Fact for Michael Zercher
Stock symbol
XXII
Transactions as of
Dec 14, 2021
Transactions value $
-$50,037
Form type
4
Date filed
12/16/2021, 03:28 PM
Next filing
Mar 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XXII Common Stock Sale -$50K -23.1K -2.13% $2.16 1.06M Dec 14, 2021 Direct F1, F2

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
holding XXII Stock option (right to buy) 85K Dec 14, 2021 Common Stock 85K $3.20 Direct F3
holding XXII Stock option (right to buy) 250K Dec 14, 2021 Common Stock 250K $1.07 Direct
holding XXII Stock option (right to buy) 300K Dec 14, 2021 Common Stock 300K $1.07 Direct
holding XXII Stock option (right to buy) 100K Dec 14, 2021 Common Stock 100K $1.07 Direct
holding XXII Stock option (right to buy) 68K Dec 14, 2021 Common Stock 68K $1.39 Direct
holding XXII Stock option (right to buy) 77.9K Dec 14, 2021 Common Stock 77.9K $2.76 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to satisfy taxes resulting from the vesting of restricted stock units.
F2 The price reported in Column 4 is a weighted average price. The prices actually received ranged from $2.15 to $2.185. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
F3 Options vest 1/3 per year on the anniversary of the date of grant, subject to continued service with the Company.