CONNOLLY EDWARD M JR 4
4 · EPIQ SYSTEMS INC · Filed Dec 11, 2012
Insider Transaction Report
Form 4
EPIQ SYSTEMS INCEPIQ
CONNOLLY EDWARD M JR
Director
Transactions
- Tax Payment
Common Stock
2012-12-07$12.16/sh−6,988$84,974→ 2,762 total - Exercise/Conversion
Non-Qualified Stock Option (right to buy)
2012-12-07−7,500→ 0 totalExercise: $11.33From: 2004-01-17Exp: 2013-01-17→ Common Stock (7,500 underlying) - Exercise/Conversion
Common Stock
2012-12-07$11.33/sh+7,500$84,975→ 9,750 total
Footnotes (4)
- [F1]The stock option grant was set to expire on January 17, 2013. The stock option was exercised using a Cashless Net Share Settlement in accordance with the terms of the Issuer's 1995 Equity Incentive Plan. A Cashless Net Share Settlement results in the reporting person holding shares upon exercise of the stock option and obligates them to surrender a portion of the shares received upon exercise of the stock option in order to satisfy the aggregate exercise price obligation.
- [F2]This component of the Cashless Net Share Settlement reflects the shares that the reporting person was obligated to surrender to the Issuer to pay for the aggregate exercise price for the shares acquired on December 7, 2012.
- [F3]Common Stock of 2,762 shown in Table I above excludes options of 83,750(prior Form 4 reports included options in Table I). Total amount of common stock and options is 86,512.
- [F4]The options became exercisable in five equal annual installments, commencing one year after the date of grant.