EPIQ SYSTEMS INC 4
4 · EPIQ SYSTEMS INC · Filed Feb 25, 2016
Insider Transaction Report
Form 4
EPIQ SYSTEMS INCEPIQ
OLOFSON TOM W
DirectorChairman & CEO10% Owner
Transactions
- Tax Payment
Common Stock
2016-02-22$13.00/sh−23,725$308,425→ 3,572,909 total
Footnotes (2)
- [F1]Represents shares of common stock surrendered by the Reporting Person to the Issuer to satisfy income tax obligations in connection with the vesting of 50,000 shares of the total 150,000 shares of performance-based restricted stock previously reported on Form 4 dated February 24, 2015. The 150,000 shares of performance-based restricted stock were earned based on the achievement of certain fiscal year 2015 financial objectives. The remaining 100,000 shares of performance-based restricted stock will vest in equal installments on February 20, 2017 and 2018, contingent on continuous employment through each vesting date.
- [F2]Common stock of 3,572,909 shown in Table 1 excludes stock option awards of 512,500. The total amount of common stock and stock option awards is 4,085,409.