MICHAEL ZERCHER - 14 Dec 2021 Form 4 Insider Report for 22nd Century Group, Inc. (XXII)

Role
President and COO
Signature
/s/ John J. Wolfel, Attorney-in-Fact for Michael Zercher
Issuer symbol
XXII
Transactions as of
14 Dec 2021
Net transactions value
-$50,037
Form type
4
Filing time
16 Dec 2021, 15:28:52 UTC
Next filing
23 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XXII Common Stock Sale $50,037 -23,147 -2.1% $2.16 1,064,985 14 Dec 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding XXII Stock option (right to buy) 85,000 14 Dec 2021 Common Stock 85,000 $3.20 Direct F3
holding XXII Stock option (right to buy) 250,000 14 Dec 2021 Common Stock 250,000 $1.07 Direct
holding XXII Stock option (right to buy) 300,000 14 Dec 2021 Common Stock 300,000 $1.07 Direct
holding XXII Stock option (right to buy) 100,000 14 Dec 2021 Common Stock 100,000 $1.07 Direct
holding XXII Stock option (right to buy) 68,000 14 Dec 2021 Common Stock 68,000 $1.39 Direct
holding XXII Stock option (right to buy) 77,875 14 Dec 2021 Common Stock 77,875 $2.76 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to satisfy taxes resulting from the vesting of restricted stock units.
F2 The price reported in Column 4 is a weighted average price. The prices actually received ranged from $2.15 to $2.185. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
F3 Options vest 1/3 per year on the anniversary of the date of grant, subject to continued service with the Company.