SAMMON JOHN W JR 4
4 · PAR TECHNOLOGY CORP · Filed Jun 5, 2020
Insider Transaction Report
Form 4
SAMMON JOHN W JR
DirectorChairman & CEO10% Owner
Transactions
- Award
Common Stock
2020-06-04+3,446→ 1,205,164 total - Other
Common Stock
2020-06-05−862,096→ 0 total(indirect: By Partnership) - Other
Common Stock
2020-06-05+8,620→ 20,620 total(indirect: By J.W. Sammon Corp.)
Footnotes (4)
- [F1]Equity portion of non-employee Director annual retainer for term commencing June 4, 2020: Time vesting restricted stock units granted pursuant to the Company's 2015 Equity Incentive Plan, as amended and restated, to vest according to the following schedule: 100% vesting on the earlier of (a) 12-months from the Grant Date and (b) the date of the Company's 2021 annual meeting of shareholders.
- [F2]Pro-rata distribution from Sammon Family Limited Partnership, of which J.W. Sammon Corp. is the sole general partner. The reporting person and his spouse are each 50% shareholders of J.W. Sammon Corp.
- [F3]The reporting person and his spouse are each 50% shareholders of J.W. Sammon Corp., the sole general partner of the Sammon Family Limited Partnership.
- [F4]The reporting person holds these shares indirectly as the reporting person and his spouse are each 50% shareholders of J.W. Sammon Corp. and disclaims beneficial ownership of PAR common stock held by J.W. Sammon Corp. except to the extent of his pecuniary interest therein.