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Filing Details

Accession Number:: 0001580695-21-000196
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-07-12 20:45:46
Reporting Period:: 2021-07-01

Accepted Time:: 2021-07-12 20:45:46
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
890447	Vertex Energy Inc.	VTNR	Petroleum Refining (2911)	943439569

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1566480	C Timothy Harvey	1331 Gemini Street Suite 250 Houston TX 77058		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2021-07-06	10,000	$10.84	0	No	4	S	Indirect	Through the Timothy & Melinda Harvey TTEES Harvey Trust U/A DTD 09/14/92
Common Stock	Acquisiton	2021-07-01	30,000	$1.45	30,000	No	4	M	Direct
Common Stock	Disposition	2021-07-01	4,248	$10.24	25,752	No	4	F	Direct
Common Stock	Acquisiton	2021-07-01	60,000	$1.26	85,752	No	4	M	Direct
Common Stock	Disposition	2021-07-01	7,383	$10.24	78,369	No	4	F	Direct
Common Stock	Acquisiton	2021-07-01	60,000	$2.08	138,369	No	4	M	Direct
Common Stock	Disposition	2021-07-01	12,187	$10.24	126,182	No	4	F	Direct
Common Stock	Acquisiton	2021-07-01	75,000	$6.62	201,182	No	4	M	Direct
Common Stock	Disposition	2021-07-01	48,450	$10.24	152,732	No	4	F	Direct
Common Stock	Acquisiton	2021-07-01	60,000	$2.96	212,732	No	4	M	Direct
Common Stock	Disposition	2021-07-01	17,344	$10.24	195,388	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Through the Timothy & Melinda Harvey TTEES Harvey Trust U/A DTD 09/14/92
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Option	Disposition	2021-07-01	30,000	$0.00	30,000	$1.45
Common Stock	Stock Option	Disposition	2021-07-01	60,000	$0.00	60,000	$1.26
Common Stock	Stock Option	Disposition	2021-07-01	60,000	$0.00	60,000	$2.08
Common Stock	Stock Option	Disposition	2021-07-01	75,000	$0.00	75,000	$6.62
Common Stock	Stock Option	Disposition	2021-07-01	60,000	$0.00	60,000	$2.96

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
30,000	2029-05-20	No	4	M	Direct
0	2026-12-13	No	4	M	Direct
0	2025-07-07	No	4	M	Direct
0	2024-10-03	No	4	M	Direct
0	2023-09-27	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	4,000	Indirect	Through the Caylyn Harvey Trust
Common Stock	1,800	Indirect	Through the Lexie Harvey Irrevocable Trust

Footnotes

This transaction was executed in multiple trades at prices ranging from $10.96 to $10.81. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was affected.
Represents a "net exercise" of outstanding stock options. The reporting person received 25,752 shares of common stock on the net exercise of an option to purchase 30,000 shares of common stock. The Issuer withheld 4,248 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 July 1, 2021, of $10.24, as calculated pursuant to the terms of the option award (the "FMV").
Represents a "net exercise" of outstanding stock options. The reporting person received 52,617 shares of common stock on the net exercise of an option to purchase 60,000 shares of common stock. The reporting person forfeited 7,383 shares of common stock underlying the option in payment of the exercise price, based on the FMV.
Represents a "net exercise" of outstanding stock options. The reporting person received 47,813 shares of common stock on the net exercise of an option to purchase 60,000 shares of common stock. The reporting person forfeited 12,188 shares of common stock underlying the option in payment of the exercise price, based on the FMV.
Represents a "net exercise" of outstanding stock options. The reporting person received 26,550 shares of common stock on the net exercise of an option to purchase 75,000 shares of common stock. The reporting person forfeited 48,450 shares of common stock underlying the option in payment of the exercise price, based on the FMV.
Represents a "net exercise" of outstanding stock options. The reporting person received 42,656 shares of common stock on the net exercise of an option to purchase 60,000 shares of common stock. The reporting person forfeited 17,344 shares of common stock underlying the option in payment of the exercise price, based on the fair market value of the Issuer's common stock at the time of the option exercise, based on the FMV.
Options to purchase 15,000 shares vested on May 20, 2020 and 2021.
Options to purchase 15,000 shares vested on December 13, 2017, 2018, 2019 and 2020.
Options to purchase 15,000 shares vested on July 7, 2016, 2017, 2018 and 2019.
Options to purchase 18,750 shares vested on October 3, 2015, 2016, 2017 and 2018.
Options to purchase 15,000 shares vested on September 27, 2014, 2015, 2016 and 2017.