EPIQ SYSTEMS INC 4
4 · EPIQ SYSTEMS INC · Filed Jun 28, 2013
Insider Transaction Report
Form 4
EPIQ SYSTEMS INCEPIQ
ELIZABETH M BRAHAM
Executive Vice President & CFO
Transactions
- Tax Payment
Common Stock
2013-06-27$13.32/sh−36,013$479,693→ 398,869 total - Exercise/Conversion
Common Stock
2013-06-27$10.66/sh+45,000$479,700→ 434,882 total - Tax Payment
Common Stock
2013-06-27$13.32/sh−4,175$55,611→ 394,694 total - Exercise/Conversion
NonQualified Stock Options (right to buy)
2013-06-27−45,000→ 0 totalExercise: $10.66From: 2005-06-30Exp: 2013-12-12→ Common Stock (45,000 underlying)
Footnotes (4)
- [F1]The stock option grant was set to expire on December 12, 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 and the related payroll withholding tax 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 June 27, 2013.
- [F3]This component of the Cashless Net Share Settlement represents surrendered shares to fund payroll taxes due by the reporting person in connection with the option exercised on June 27, 2013.
- [F4]Common Stock of 394,694 shown in Table I above excludes options of 560,000. Total amount of common stock and options is 954,694.