DGSE COMPANIES INC 4
4 · DGSE COMPANIES INC · Filed Dec 11, 2014
Insider Transaction Report
Form 4
Clem James D
DirectorC.O.O.
Transactions
- Award
Restricted Stock Units
2014-12-10+75,000→ 93,750 totalFrom: 2014-12-10→ Common Stock (75,000 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit ("RSU") is convertible into one share of common stock, par value $0.01, of the Issuer (the "Common Stock") without additional payment pursuant to the terms of the Restricted Stock Unit Award Agreement, dated December 10, 2014, between the Issuer and the Reporting Person (the "RSU Award Agreement").
- [F2]The RSU Award Agreement provides that as soon as practicable after the RSUs are vested, the Issuer will settle the RSUs by granting one share of Common Stock for each RSU.
- [F3]The Issuer elected to award the RSUs as consideration for services rendered to the Issuer (the "Consideration") and to encourage the continuation of such services in connection with the Reporting Person's employment with the Issuer. The value of the Consideration on the date of grant was $102,000. No additional consideration was received by the Issuer as payment for the RSUs.