4//SEC Filing
DGSE COMPANIES INC 4
Accession 0001144204-16-090238
$ELACIK 0000701719operating
Filed
Mar 24, 8:00 PM ET
Accepted
Mar 25, 8:42 AM ET
Size
6.9 KB
Accession
0001144204-16-090238
Insider Transaction Report
Form 4
Scrudder J Marcus
Director
Transactions
- Award
Restricted Stock Units
2016-03-24+40,680→ 40,680 total→ Common Stock (40,680 underlying)
Footnotes (4)
- [F1]Each vested Restricted Stock Unit ("RSU") is convertible into one share of common stock, par value $0.01, of the Issuer (the "Common Stock") without additional consideration (other than such conversion and reduction in the number of RSUs held) pursuant to the terms of the Restricted Stock Unit Award Agreement, dated March 24, 2016, between the Issuer and the Reporting Person.
- [F2]One-fourth (or 10,170) of the RSUs reported hereunder vest and are exercisable as of March 31, 2016 and the remaining RSUs will vest ratably and will be exercisable at the end of every quarter (June 30, September 30 and December 31) during 2016, subject to the Reporting Person's continued status as a Director on each such date and other terms and conditions of set forth in the RSU Award Agreement.
- [F3]Upon termination of service of the Reporting Person to the Issuer, other than by reason of death or disability, any RSUs that have not vested will be forfeited and the award of such units shall terminate.
- [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 with the Issuer. The value of the Consideration on the date of grant was $22,374. 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
- Mar 24, 8:00 PM ET
- Accepted
- Mar 25, 8:42 AM ET
- Size
- 6.9 KB