0001580695-21-000283.txt : 20210924 0001580695-21-000283.hdr.sgml : 20210924 20210924181346 ACCESSION NUMBER: 0001580695-21-000283 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210922 FILED AS OF DATE: 20210924 DATE AS OF CHANGE: 20210924 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Borgen Dan CENTRAL INDEX KEY: 0001457698 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11476 FILM NUMBER: 211278483 MAIL ADDRESS: STREET 1: 9500 NEW CENTURY CITY: PASADENA STATE: TX ZIP: 77507 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Vertex Energy Inc. CENTRAL INDEX KEY: 0000890447 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] IRS NUMBER: 943439569 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1331 GEMINI STREET STREET 2: SUITE 250 CITY: HOUSTON STATE: TX ZIP: 77058 BUSINESS PHONE: 866-660-8156 MAIL ADDRESS: STREET 1: 1331 GEMINI STREET STREET 2: SUITE 250 CITY: HOUSTON STATE: TX ZIP: 77058 FORMER COMPANY: FORMER CONFORMED NAME: WORLD WASTE TECHNOLOGIES INC DATE OF NAME CHANGE: 20040830 FORMER COMPANY: FORMER CONFORMED NAME: VOICE POWERED TECHNOLOGY INTERNATIONAL INC DATE OF NAME CHANGE: 19940831 4 1 ownership.xml X0306 4 2021-09-22 0 0000890447 Vertex Energy Inc. VTNR 0001457698 Borgen Dan 1331 GEMINI STREET SUITE 250 HOUSTON TX 77058 1 0 0 0 Common Stock 195324 I Through KKB Holdings LLC Common Stock 2021-09-22 4 M 0 25000 2.75 A 25000 D Common Stock 2021-09-22 4 F 0 11143 5.99 D 13857 D Stock Option 2.75 2021-09-22 4 M 0 25000 0.00 D 2021-09-23 Common Stock 25000 0 D Represents a "net exercise" of outstanding stock options. The reporting person received 13,857 shares of common stock on the net exercise of an option to purchase 25,000 shares of common stock. The Issuer withheld 11,143 shares of common stock underlying the option in payment of the exercise price, based on the five-day volume weighted average closing price of the Issuer's common stock, for the five trading days prior to September 22, 2021, of $5.99, as calculated pursuant to the terms of the option award (the "FMV"). Options to purchase 6,250 shares vested on each of September 23, 2012, 2013, 2014 and 2015. /s/ Dan Borgen 2021-09-24