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PERMA FIX ENVIRONMENTAL SERVICES INC — Director's Dealing 2024
Mar 27, 2024
33754_dirs_2024-03-27_f645d750-0983-4c80-9625-283ac6742b23.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PERMA FIX ENVIRONMENTAL SERVICES INC (PESI)
CIK: 0000891532
Period of Report: 2024-03-26
Reporting Person: Grondin Richard (EVP of Waste Treatment Ops)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-26 | Common Stock | M | 2000 | $3.15 | Acquired | 21427 | Direct |
| 2024-03-26 | Common Stock | F | 545 | $11.5700 | Disposed | 20882 | Direct |
| 2024-03-26 | Common Stock | M | 10000 | $7.005 | Acquired | 30882 | Direct |
| 2024-03-26 | Common Stock | F | 6054 | $11.5700 | Disposed | 24828 | Direct |
| 2024-03-26 | Common Stock | M | 6000 | $3.95 | Acquired | 30828 | Direct |
| 2024-03-26 | Common Stock | F | 2048 | $11.5700 | Disposed | 28780 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-26 | Stock Option | $3.1500 | M | 2000 | Disposed | 2025-01-17 | Common Stock (2000) | Direct |
| 2024-03-26 | Stock Option | $7.0050 | M | 10000 | Disposed | 2027-10-14 | Common Stock (10000) | Direct |
| 2024-03-26 | Stock Option | $3.9500 | M | 6000 | Disposed | 2029-01-19 | Common Stock (6000) | Direct |
Footnotes
F1: On March 26, 2024, the Reporting Person exercised the incentive stock option granted 1/17/2019 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of the remaining 2,000 shares of the 10,000 shares of the Company's Common Stock at an exercise price of $3.15 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 $6,300. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 545 shares of Common Stock ($6,300 divided by $11.57) to pay the aggregate exercise price of the option.
F2: On March 26, 2024, the Reporting Person exercised the incentive stock option granted 10/14/2021 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 10,000 of the 25,000 shares of the Company's Common Stock at an exercise price of $7.005 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 $70,050. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 6,054 shares of Common Stock ($70,050 divided by $11.57) to pay the aggregate exercise price of the option.
F3: On March 26, 2024, the Reporting Person exercised the incentive stock option granted 1/19/2023 under the Company's 2017 Stock Option Plan (the "2017 Plan") for the purchase of 6,000 of the 30,000 shares of the Company's Common Stock at an exercise price of $3.95 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 $23,700. Since the fair market value of the Company's Common Stock on March 26, 2024 (as determined in accordance with the 2017 Plan) was $11.57 per share, the Company withheld 2,048 shares of Common Stock ($23,700 divided by $11.57) to pay the aggregate exercise price of the option.
F4: 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.
F5: 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.
F6: 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.