4//SEC Filing
DGSE COMPANIES INC 4
Accession 0001144204-15-036687
$ELACIK 0000701719operating
Filed
Jun 10, 8:00 PM ET
Accepted
Jun 11, 3:03 PM ET
Size
8.7 KB
Accession
0001144204-15-036687
Insider Transaction Report
Form 4
QUINNELL BRUCE A
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2015-06-11−14,200→ 0 totalFrom: 2015-06-09→ Common Stock (14,200 underlying) - Exercise/Conversion
Common Stock
2015-06-11+14,200→ 14,200 total
Footnotes (4)
- [F1]Each Restricted Stock Unit ("RSU") was 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 September 17, 2014, between the Issuer and the Reporting Person (the "RSU Award Agreement").
- [F2]The RSUs reported hereunder were to vest as to 100 percent of the RSUs on the earlier of: (i) the one year anniversary of the grant date, or (ii) the day prior to the next Annual Meeting of the Stockholders of DGSE Companies, Inc., subject to the Reporting Person's continued status as a Director through such dates. DGSE Companies, Inc, held its Annual Meeting of Stockholders on June 10, 2015, triggering a vesting date of June 9, 2015 for the RSUs reported hereunder.
- [F3]Upon termination of service of the Reporting Person to the Issuer, other than by reason of death or disability, any Restricted Stock Units that have not vested will be forfeited and the award of such units shall terminate. All RSUs reported hereunder have now vested, and are no longer subject to expiration.
- [F4]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 services to the Issuer. The value of the Consideration on the date of grant was $20,022. The value of the Consideration as of vesting and issuance was $4,544. No additional consideration was received by the Issuer as payment for the RSUs.
Documents
Issuer
DGSE COMPANIES INC
CIK 0000701719
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0000701719
Filing Metadata
- Form type
- 4
- Filed
- Jun 10, 8:00 PM ET
- Accepted
- Jun 11, 3:03 PM ET
- Size
- 8.7 KB