EPIQ SYSTEMS INC 4
4 · EPIQ SYSTEMS INC · Filed Sep 30, 2016
Insider Transaction Report
Form 4
EPIQ SYSTEMS INCEPIQ
Scott Brad D.
SVP, Chief HR Officer
Transactions
- Award
Common Stock
2016-09-30+106,099→ 455,218 total - Disposition to Issuer
Common Stock
2016-09-30$16.50/sh−322,169$5,315,789→ 133,049 total - Disposition to Issuer
Common Stock
2016-09-30$16.50/sh−133,049$2,195,309→ 0 total
Footnotes (3)
- [F1]Represents unvested performance restricted stock units (PRSUs) granted on January 28, 2016 that represented a contingent right to receive one share of common stock per PRSU. Pursuant to the Agreement and Plan of Merger, dated as of July 26, 2016, by and among Epiq Systems, Inc., Document Technologies, LLC and DTI Merger Sub, Inc. (the "Merger Agreement") and the applicable award agreement, these PRSUs became fully vested at the effective time of the merger.
- [F2]Pursuant to the Merger Agreement, these shares were canceled and converted into the right to receive $16.50 per share in cash, without interest and less any applicable withholding taxes (the "Merger Consideration").
- [F3]Pursuant to the Merger Agreement, these shares of unvested restricted stock became fully vested at the effective time of the merger and were canceled and converted into the right to receive the Merger Consideration.