MAM SOFTWARE GROUP, INC. 4
4 · MAM SOFTWARE GROUP, INC. · Filed Jul 1, 2016
Insider Transaction Report
Form 4
BROAD LEE RICHARD
Chief Technology Officer
Transactions
- Award
Common Stock
2016-06-29$5.75/sh+51,134$294,021→ 113,086 total
Footnotes (1)
- [F1]The shares were received pursuant to the company's Long-Term Stock Incentive Plan ("LTIP"), approved by the company's shareholders on June 12, 2008. Stocks awarded under this plan are accounted for in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC"). The LTIP originally called for receipt by Mr. Broad of 75,267 shares, however that excess of 24,133 shares has been cancelled to effect the withholding for taxes being paid by Issuer for the benefit of Shareholder.