EPIQ SYSTEMS INC 4
4 · EPIQ SYSTEMS INC · Filed Feb 17, 2015
Insider Transaction Report
Form 4
EPIQ SYSTEMS INCEPIQ
BYRNES JAMES A
Director
Transactions
- Tax Payment
Common Stock
2015-02-13$18.30/sh−1,889$34,569→ 16,364 total - Exercise/Conversion
Common Stock
2015-02-13$8.13/sh+4,250$34,553→ 18,253 total - Exercise/Conversion
Non Qualified Stock Options (right to buy)
2015-02-13−4,250→ 0 totalExercise: $8.13From: 2005-05-14Exp: 2015-02-14→ Common Stock (4,250 underlying)
Footnotes (4)
- [F1]This option was scheduled to expire on February 14, 2015.
- [F2]The stock option was exercised using a Cashless Net Share Settlement in accordance with the terms of the Issuer's 2004 Equity Incentive Plan as amended and restated. 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.
- [F3]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 February 13, 2015.
- [F4]Common Stock of 16,364 shown in Table I above excludes options of 76,250. Total amount of common stock and options is 92,614.