SEC Info - Fugal Jay Grant - ‘4/A’ for 3/4/20 re: Profire Energy Inc.

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).

1. Name and Address of Reporting Person^*

Fugal Jay Grant

(Last)

(First)

(Middle)

321 SOUTH 1250 WEST SUITE 1

(Street)

LINDON

84042

(City)

(State)

(Zip)

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)
VP of Operations

3. Date of Earliest Transaction (Month/Day/Year)
3/4/20

4. If Amendment, Date of Original Filed (Month/Day/Year)
3/6/20

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	3/4/20		A		21,251 ⁽¹⁾	A	$1.2 ⁽²⁾	46,843	D
Common Stock	3/4/20		F		5,876 ⁽³⁾ ⁽⁴⁾	D	$0	40,967 ⁽⁴⁾	D
Common Stock	3/4/20		F		211 ⁽⁵⁾ ⁽⁶⁾	D	$0	40,756 ⁽⁶⁾	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 (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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

(1) The shares of Common Stock represent the amount awarded pursuant to the Issuer's 2019 Executive Annual Incentive Plan previously filed with the SEC.

(2) The price per share reflects the weighted average share price for the five days prior to the grant of the award. This calculation is in accordance with the executive's Annual Incentive Plan as previously filed with the SEC.

(3) These shares were withheld for payment of the tax liability for the shares awarded pursuant to the previously reported 2019 AIP.

(4) The original Form 4, filed on March 6, 2020, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the number of shares withheld to cover the taxes and fees related to shares issued pursuant to the 2019 AIP award. The original Form 4 reported that 2,242 shares were withheld when 5,876 shares were actually withheld. As a result of this administrative error, the number of shares beneficially owned by the reporting person following the corrected transaction reflects a reduction in the number of shares reported as beneficially owned by the reporting person by 3,634 shares.

(5) Shares vested pursuant to a previously reported restricted stock award and these shares were withheld for payment of the tax liability.

(6) The original Form 4, filed on March 6, 2020, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the number of shares withheld to cover the taxes and fees related to shares issued pursuant to the 2019 AIP award. The original Form 4 reported that 211 shares were withheld when 553 shares were actually withheld. As a result of this administrative error, the number of shares beneficially owned by the reporting person following the corrected transaction reflects a reduction in the number of shares reported as beneficially owned by the reporting person by 342 shares.

Remarks:

	Todd Fugal as attorney-in-fact for Jay G. Fugal	3/11/20
	** 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.

____________ Transaction Codes:
A	Grant, award or other acquisition pursuant to Rule 16b-3(d).
F	Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.

Fugal Jay Grant – ‘4/A’ for 3/4/20 re: Profire Energy Inc.

On: Wednesday, 3/11/20, at 6:31pm ET · For: 3/4/20 · Accession #: 1734627-20-6 · File #: 1-36378

Previous ‘4’: ‘4’ on 3/6/20 for 3/4/20 · Next: ‘4’ on / for 12/31/20 · Latest: ‘4’ on 6/7/21 for 6/4/21

Amendment to Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4/A’ Document is an XML Data File that may be rendered in various formats:

Fugal Jay Grant – ‘4/A’ for 3/4/20 re: Profire Energy Inc.

On: Wednesday, 3/11/20, at 6:31pm ET · For: 3/4/20 · Accession #: 1734627-20-6 · File #: 1-36378

Previous ‘4’: ‘4’ on 3/6/20 for 3/4/20 · Next: ‘4’ on / for 12/31/20 · Latest: ‘4’ on 6/7/21 for 6/4/21

Amendment to Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4/A’ Document is an XML Data File that may be rendered in various formats:

Amendment to Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents