INDUSTRIAL SERVICES OF AMERICA INC 4
4 · INDUSTRIAL SERVICES OF AMERICA INC · Filed Oct 4, 2016
Insider Transaction Report
Form 4
GARBER SEAN
President10% Owner
Transactions
- Other
Option (right to buy)
2016-09-30−1,500,000→ 0 total(indirect: by Algar, Inc.)Exercise: $5.00→ Common Stock (1,500,000 underlying)
Footnotes (1)
- [F1]In connection with the termination of a Management Services Agreement (the "MSA") between the issuer and Algar, Inc., the parties agreed to terminate 1,500,000 out-of-the-money stock options that the issuer granted to Algar, Inc. at the time of entry into the MSA. The reporting person is Chief Executive Officer of and the controlling shareholder of Algar, Inc.