EPIQ SYSTEMS INC 4
4 · EPIQ SYSTEMS INC · Filed Dec 21, 2015
Insider Transaction Report
Form 4
EPIQ SYSTEMS INCEPIQ
OLOFSON TOM W
DirectorChairman & CEO10% Owner
Transactions
- Exercise/Conversion
Non Qualified Stock Options (right to buy)
2015-12-18−75,000→ 0 totalExercise: $12.65From: 2005-12-21Exp: 2015-12-21→ Common Stock (75,000 underlying) - Exercise/Conversion
Common Stock
2015-12-18$12.65/sh+75,000$948,750→ 3,588,547 total - Tax Payment
Common Stock
2015-12-18$13.51/sh−2,266$30,614→ 3,516,055 total - Tax Payment
Common Stock
2015-12-18$13.51/sh−70,226$948,753→ 3,518,321 total
Footnotes (3)
- [F1]The share issuance reported on Table 1 reflects shares issued upon the exercise of a stock option granted on December 21, 2005, which, if unexercised, would have expired on December 21, 2015. The option exercise is reported on Table II.
- [F2]This option exercise was pursuant to a net issuance arrangement effected under the Issuer's equity incentive plan. The number of shares issued pursuant to the net issuance arrangement was calculated as follows: the option exercise price $12.65 was multiplied by the number of stock options 75,000, for an aggregate stock option exercise cost of $948,750, and this amount was then divided by the December 18, 2015 market close price $13.51, with the resulting amount of 70,226 shares subtracted from the number of options exercised. In addition, the Reporting Person surrendered 2,266 shares to the Issuer to satisfy income tax liabilities obligations in connection with the option transaction. No shares were sold into the market as part of the exercise in connection with the net issuance arrangement.
- [F3]Common stock of 3,516,055 shown in Table 1 excludes stock option awards of 512,500. The total amount of common stock and stock option awards is 4,028,555.