0001580695-18-000008.txt : 20180102 0001580695-18-000008.hdr.sgml : 20180102 20180102173213 ACCESSION NUMBER: 0001580695-18-000008 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170930 FILED AS OF DATE: 20180102 DATE AS OF CHANGE: 20180102 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Carlson Chris CENTRAL INDEX KEY: 0001457633 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11476 FILM NUMBER: 18502750 MAIL ADDRESS: STREET 1: 4418 CEDAR RIDGE TRAIL CITY: HOUSTON STATE: TX ZIP: 77059 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 carlson-form4_093017.xml OWNERSHIP DOCUMENT X0306 4 2017-09-30 0 0000890447 Vertex Energy Inc. VTNR 0001457633 Carlson Chris 1331 GEMINI STREET SUITE 250 HOUSTON TX 77058 0 1 0 0 CFO & Secretary Common Stock 772335 D Series B1 Preferred Stock 1.56 2017-09-30 4 J 0 778 A 2017-09-30 Common Stock 778 35321 D Series B1 Preferred Stock 1.56 2017-12-31 4 J 0 795 A 2017-12-31 Common Stock 795 36116 D Mr. Carlson was issued 778 shares of Series B1 Preferred Stock in-kind effective on September 30, 2017, in lieu of $1,214 of dividends which accrued on Series B1 Preferred Stock shares held by Mr. Carlson. Mr. Carlson was issued 795 shares of Series B1 Preferred Stock in-kind effective on December 31, 2017, in lieu of $1,240 of dividends which accrued on Series B1 Preferred Stock shares held by Mr. Carlson. The terms of the Series B1 Preferred Stock are described in greater detail in the Current Report filed by the Issuer on May 13, 2016. The Series B1 Preferred Stock (including accrued and unpaid dividends) is convertible into shares of the Issuer's common stock at the holder's option at any time at the Unit Price (initially a one-for-one basis). If the Issuer's common stock trades at or above $3.90 per share (250% of the Unit Price) for a period of 20 consecutive trading days at any time following the earlier of (a) the effective date of a resale registration statement the Issuer is required to file to register the underlying shares of common stock, or (b) November 13, 2016, the Issuer may at such time force conversion of the Series B1 Preferred Stock (including accrued and unpaid dividends) into common stock of the Issuer. The Series B1 Preferred Stock has no expiration date; however, the Issuer has the option to redeem the Series B1 Preferred Stock at 110% of the Unit Price ($1.56) plus any accrued and unpaid dividends on such Series B1 Preferred Stock redeemed, at any time beginning on June 20, 2017 and the Issuer is required to redeem the Series B1 Preferred Stock at the Unit Price plus any accrued and unpaid dividends on June 24, 2020. Notwithstanding either of the foregoing, the Series B1 Preferred Stock may not be redeemed unless and until amounts outstanding under the Issuer's senior credit facility have been paid in full. /s/ Chris Carlson 2018-01-02