SATTERLEE W BRYAN 4
4 · EPIQ SYSTEMS INC · Filed Mar 28, 2013
Insider Transaction Report
Form 4
EPIQ SYSTEMS INCEPIQ
SATTERLEE W BRYAN
Director
Transactions
- Exercise/Conversion
Common Stock
2013-03-27$10.70/sh+7,500$80,250→ 33,739 total - Tax Payment
Common Stock
2013-03-27$14.07/sh−5,703$80,241→ 28,036 total - Exercise/Conversion
NonQualified Stock Option (right to buy)
2013-03-27−7,500→ 0 totalExercise: $10.70From: 2005-03-17Exp: 2014-03-17→ Common Stock (7,500 underlying)
Footnotes (4)
- [F1]The stock option grant was set to expire on March 17, 2014. 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 March 27, 2013.
- [F3]Common Stock of 28,036 shown in Table I above excludes options of 87,500. Total amount of common stock and options is 115,536.
- [F4]The options became exercisable in five equal annual installments, commencing one year after the date of grant.