Sec Form 4 Filing - Tidball Cameron M. @ PROFIRE ENERGY INC - 2018-05-01

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Tidball Cameron M.
2. Issuer Name and Ticker or Trading Symbol
PROFIRE ENERGY INC [ PFIE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Co-CEO
(Last) (First) (Middle)
321 SOUTH 1250 WEST SUITE 1
3. Date of Earliest Transaction (MM/DD/YY)
05/01/2018
(Street)
LINDON, UT84042
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 04/06/2022 A 76,744( 1 ) A $ 1.29 506,069 D
Common Stock 05/01/2018 F 6,667( 2 ) D $ 3.67 499,402 D
Common Stock 06/05/2018 M 20,000( 3 ) A $ 1.01 519,402 D
Common Stock 06/05/2018 F 7,423( 2 ) D $ 1.01 511,979 D
Common Stock 06/11/2018 G 10,000( 4 ) D $ 4.7 501,979 D
Common Stock 06/16/2018 F 2,667( 2 ) D $ 4.81 499,312 D
Common Stock 06/16/2018 F 10,667( 2 ) D $ 4.81 488,645 D
Common Stock 03/06/2019 F 1,600( 2 ) D $ 1.82 487,045 D
Common Stock 03/06/2022 F 1,700( 2 ) D $ 1.28 485,345 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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
Employee Stock Option (right to buy) $ 1.01 06/05/2018 A 20,000 ( 5 ) 05/25/2020 Common Stock 20,000 $ 1.01 20,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tidball Cameron M.
321 SOUTH 1250 WEST SUITE 1
LINDON, UT84042
Co-CEO
Signatures
Todd Fugal as attorney-in-fact for Cameron M. Tidball 04/08/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On April 6, 2022, the Compensation Committee of the Board of Directors approved a Restricted Stock Unit Award Agreement for the reporting person which which granted 76,744 restricted stock units, 25,281 of which vest on December 31, 2022, 25,581 of which vest on December 31, 2023, and 25,582 of which vest on December 31, 2024.
( 2 )Due to an administrative error the reporting person inadvertently failed to report shares that were withheld for payment of the tax liability for shares awarded pursuant to a Restricted Stock Unit Award. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022.
( 3 )Due to an administrative error the reporting person inadvertently failed to report the acquisition of these shares at the time of acquisition. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022.
( 4 )Due to an administrative error the reporting person inadvertently failed to report the disposition of these shares at the time of disposition. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transaction and correct total ownership as of April 6, 2022.
( 5 )The option became exercisable in 33.33% annual increments on each of the first three anniversaries of May 25, 2016

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.