Phillips Todd L. 4
4 · INDUSTRIAL SERVICES OF AMERICA INC · Filed Dec 18, 2019
Insider Transaction Report
Form 4
Phillips Todd L.
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2019-12-16$1.11/sh−41,532$46,101→ 163,583 total - Exercise/Conversion
Restricted Stock Units
2019-12-16−78,740→ 0 total→ Common Stock (78,740 underlying) - Disposition to Issuer
Non-Incentive Stock Options (Right to Buy)
2019-12-16−62,120→ 0 totalExercise: $1.27Exp: 2024-03-15→ Common Stock (62,120 underlying) - Exercise/Conversion
Restricted Stock Units
2019-12-16−40,646→ 0 total→ Common Stock (40,646 underlying) - Exercise/Conversion
Common Stock
2019-12-16+119,386→ 205,115 total - Disposition to Issuer
Non-Incentive Stock Options (Right to Buy)
2019-12-16−31,041→ 0 totalExercise: $2.46Exp: 2023-03-28→ Common Stock (31,041 underlying)
Footnotes (7)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]The option was originally granted on March 15, 2019 and provides for vesting in three equal annual installments commencing on March 15, 2020.
- [F3]The option was cancelled by mutual agreement of the reporting person and the Issuer for nominal, non-cash consideration.
- [F4]The option was originally granted on March 28, 2018 and provides for vesting in three equal annual installments commencing on March 28, 2019.
- [F5]The RSUs were originally granted on March 15, 2019, with vesting on March 15, 2022, subject to acceleration upon certain events
- [F6]The RSUs were originally granted on March 28, 2018, with vesting on March 28, 2021, subject to acceleration upon certain events.
- [F7]Vesting accelerated to December 16, 2019, upon the closing of the sale of substantially all of the Issuer's assets.