Berger David E. 4
4 · Information Services Group Inc. · Filed Aug 5, 2019
Insider Transaction Report
Form 4
Berger David E.
Executive VP and CFO
Transactions
- Award
Shares of Common Stock
2019-08-01+77,491→ 786,445 total - Sale
Shares of Common Stock
2019-08-02$2.64/sh−4,856$12,820→ 781,589 total - Award
Performance-based RSUs
2019-08-01+25,830→ 25,830 totalFrom: 2019-08-15Exp: 2023-08-01→ Common Stock (25,830 underlying)
Footnotes (5)
- [F1]Represents restricted stock units (RSUs)granted to the reporting person pursuant to the Information Services Group, Inc. Amended and Restated 2007 Equity and Incentive Award Plan, which will vest in 4 equal installments on each of the first, second, third and fourth anniversaries of August 1, 2019.
- [F2]Includes 507 shares acquired under the Information Services Group, Inc. Amended and Restated 2007 Employee Stock Purchase Plan.
- [F3]Represents a sale of shares of common stock to satisfy tax obligations in connection with vesting of restricted stock units.
- [F4]Price reflected is the weighted-average selling price for shares sold. The range of the selling prices for the transactions reported was $2.60 to $2.71 per share. The reporting person undertakes to provide, upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- [F5]Represents a grant of RSUs that may be earned based on achievement of market price goals, which will be measured as the average closing price of the Issuer's common stock over any consecutive ten-trading-day period prior to and including the fourth anniversary of the date of grant. 100% of the number of RSUs reported above will be earned if the measured market price is $6 or above. Unearned RSUs will be canceled. Market price goals are subject to adjustment for stock splits and certain other corporate events. Once determined, any such earned RSUs will be fully vested.