Cameron M. Tidball - 01 May 2018 Form 4 Insider Report for PROFIRE ENERGY INC

Role: Co-CEO
Signature: Todd Fugal as attorney-in-fact for Cameron M. Tidball
Issuer symbol: N/A
Transactions as of: 01 May 2018
Net transactions value: -$49,190
Form type: 4
Filing time: 08 Apr 2022, 19:17:16 UTC
Next filing: 07 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFIE	Common Stock	Award	$99,000	+76,744	+18%	$1.29	506,069	06 Apr 2022	Direct	F1
transaction	PFIE	Common Stock	Tax liability	$24,468	-6,667	-1.3%	$3.67	499,402	01 May 2018	Direct	F2
transaction	PFIE	Common Stock	Options Exercise	$20,200	+20,000	+4%	$1.01	519,402	05 Jun 2018	Direct	F3
transaction	PFIE	Common Stock	Tax liability	$7,497	-7,423	-1.4%	$1.01	511,979	05 Jun 2018	Direct	F2
transaction	PFIE	Common Stock	Gift	$47,000	-10,000	-2%	$4.70	501,979	11 Jun 2018	Direct	F4
transaction	PFIE	Common Stock	Tax liability	$12,828	-2,667	-0.53%	$4.81	499,312	16 Jun 2018	Direct	F2
transaction	PFIE	Common Stock	Tax liability	$51,308	-10,667	-2.1%	$4.81	488,645	16 Jun 2018	Direct	F2
transaction	PFIE	Common Stock	Tax liability	$2,912	-1,600	-0.33%	$1.82	487,045	06 Mar 2019	Direct	F2
transaction	PFIE	Common Stock	Tax liability	$2,176	-1,700	-0.35%	$1.28	485,345	06 Mar 2022	Direct	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
transaction	PFIE	Employee Stock Option (right to buy)	Award	$20,200	-20,000	-50%	$1.01	20,000	05 Jun 2018	Common Stock	20,000	$1.01	Direct	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On April 6, 2022, the Compensation Committee of the Board of Directors approved a Restricted Stock Unit Award Agreement for the reporting person which which granted 76,744 restricted stock units, 25,281 of which vest on December 31, 2022, 25,581 of which vest on December 31, 2023, and 25,582 of which vest on December 31, 2024.
F2	Due to an administrative error the reporting person inadvertently failed to report shares that were withheld for payment of the tax liability for shares awarded pursuant to a Restricted Stock Unit Award. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022.
F3	Due to an administrative error the reporting person inadvertently failed to report the acquisition of these shares at the time of acquisition. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022.
F4	Due to an administrative error the reporting person inadvertently failed to report the disposition of these shares at the time of disposition. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transaction and correct total ownership as of April 6, 2022.
F5	The option became exercisable in 33.33% annual increments on each of the first three anniversaries of May 25, 2016