SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Pimentel John

(Last)

(First)

(Middle)

1331 GEMINI STREET

(Street)

HOUSTON

77058

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Vertex Energy Inc. [ VTNR.OB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/09/2009

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$0.5	04/09/2009		A		100,000		04/16/2009	01/28/2019	Common Stock	100,000	$0.5⁽¹⁾	329,312	D
Stock Options	$0.5	04/09/2009		A		12,500		06/30/2009	01/28/2019	Common Stock	12,500	$0.5⁽¹⁾	329,312	D
Stock Options	$0.5	04/09/2009		A		12,500		09/30/2009	01/28/2019	Common Stock	12,500	$0.5⁽¹⁾	329,312	D
Stock Options	$0.5	04/09/2009		A		12,500		12/31/2009	01/28/2019	Common Stock	12,500	$0.5⁽¹⁾	329,312	D
Stock Options	$0.5	04/09/2009		A		12,500		03/31/2010	01/28/2019	Common Stock	12,500	$0.5⁽¹⁾	329,312	D
Stock Options	$0.5	04/09/2009		A		12,500		06/30/2010	01/28/2019	Common Stock	12,500	$0.5⁽¹⁾	329,312	D
Stock Options	$0.5	04/09/2009		A		12,500		09/30/2010	01/28/2019	Common Stock	12,500	$0.5⁽¹⁾	329,312	D
Stock Options	$0.5	04/09/2009		A		12,500		12/31/2010	01/28/2019	Common Stock	12,500	$0.5⁽¹⁾	329,312	D
Stock Options	$0.5	04/09/2009		A		12,500		03/31/2011	01/28/2019	Common Stock	12,500	$0.5⁽¹⁾	329,312	D

Explanation of Responses:

1. On January 28, 2009, Mr. Pimentel was granted 100,000 stock options to purchase shares of common stock in the Registrant, which stock options vested immediately and were to be priced by the Registrant's Board of Directors at a subsequent date. Also on January 28, 2009, Mr. Pimentel was granted 100,000 stock options to purchase shares of common stock in the Registrant of which 1/8 were to vest at the end of each fiscal quarter following the fiscal quarter after the grant date. The stock options were priced by the Board of Directors of the Registrant on April 10, 2009, based on the closing bid price ($0.50 per share following the 1:10 reverse stock split effective as a result of the exchange ratios in the Registrant's merger) of the Registrant's common stock on April 9, 2009.

	/s/ John Pimentel	05/14/2009
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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