Mccomic Tammy exercised 1,619 units of MXC COMMON STOCK at a strike of $3.81 and sold $2,428 worth of MXC COMMON STOCK (147 units at $16.52), decreasing direct ownership by 2% to 76,068 units (SEC Form 4)
$MXC
Oil & Gas Production
Energy
| 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). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
MEXCO ENERGY CORP [ MXC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/15/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| MXC COMMON STOCK | 04/15/2024 | M | 147 | A | $8.51 | 77,540 | D | |||
| MXC COMMON STOCK | 04/15/2024 | S | 147 | D | $16.52 | 77,540 | D | |||
| MXC COMMON STOCK | 04/15/2024 | M | 1,472 | A | $3.34 | 76,068(3) | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| STOCK OPTIONS(1) | $8.51 | 04/15/2024 | A | 147 | 07/25/2022 | 07/25/2031 | COMMON STOCK | 147 | $8.51 | 124,853 | D | ||||
| STOCK OPTIONS(1) | $3.34 | 04/15/2024 | X | 1,472 | 03/04/2020 | 03/04/2030 | COMMON STOCK | 1,472 | $3.34 | 123,381(2) | D | ||||
| Explanation of Responses: |
| 1. Options granted pursuant to Mexco Energy Corporation 2019 Employee Incentive Stock Plan. |
| 2. Of these 123,381 option shares, 73,381 are vested and can be acquired at the following prices: 25,000 @ $4.84 per share; 23,528 @ $3.34 per share; 12,353 @ $8.51; 6,250 @ $18.05 per share; and, 6,250 @ $12.68 per share. |
| 3. Direct beneficial holdings after the sale total 76,068 shares which include vested options to acquire shares of the Registrant's Common Stock, $0.50 par value, as follows: 25,000 @ $4.84 per share; and 23,528 @ $3.34 per share; 12,353 @ $8.51; 6,250 @ $18.05 per share; 6,250 @ $12.68 per share. |
| /s/ Tammy L. McComic | 04/16/2024 | |
| ** 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). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||