EPIQ SYSTEMS INC 4
4 · EPIQ SYSTEMS INC · Filed Feb 24, 2015
Insider Transaction Report
Form 4
EPIQ SYSTEMS INCEPIQ
OLOFSON TOM W
DirectorChairman & CEO10% Owner
Transactions
- Award
Common Stock
2015-02-20+150,000→ 3,545,072 total - Tax Payment
Common Stock
2015-02-20$18.28/sh−69,818$1,276,273→ 3,513,547 total - Award
Common Stock
2015-02-20+38,293→ 3,583,365 total
Footnotes (4)
- [F1]This restricted stock award is earned by the Reporting Person upon certification of the achievement of certain financial criteria for the year ended December 31, 2015 (the "Certification Date"), by the Issuer's compensation committee. This restricted stock award vests one third on the Certification Date and one third each anniversary thereafter through the second anniversary of the Certification Date.
- [F2]Represents fully vested common stock issued to the Reporting Person for achievement of 2014 objectives.
- [F3]Represents the mandatory sale to the Issuer for taxes due in connection with the grant of fully vested common stock (as described in footnote 2) and the vesting of 125,000 shares of restricted stock previously reported on Form 4 dated January 30, 2014.
- [F4]Common Stock of 3,513,547 Table 1 excludes Options of 587,500. Total amount of Common Stock and Options is 4,101,047.