Alto Ingredients, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

COMMON STOCK AND WARRANTS. (Tables)

COMMON STOCK AND WARRANTS. (Tables)

12 Months Ended

Dec. 31, 2018

Stockholders' Equity Note [Abstract]

The following table summarizes warrant activity for the years ended December 31, 2018, 2017 and 2016 (number of shares in thousands):

	Number of Shares			Price per Share	Weighted Average Exercise Price
Balance at December 31, 2015		382		$6.09 – $735.00	$	70.87
Warrants exercised		(138	)	$8.43	$	8.43
Balance at December 31, 2016		244		$6.09 – $735.00	$	106.72
Warrants exercised		(191	)	$6.09	$	6.09
Warrants expired		(49	)	$6.09 – $735.00	$	444.00
Balance at December 31, 2017		4		$735.00	$	735.00
Warrants expired		(4	)	$735.00	$	735.00
Balance at December 31, 2018		—		$—	$	—

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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