Cooper Revocable Trust dated April 25, 2001 4
4 · ONE STOP SYSTEMS, INC. · Filed Sep 25, 2019
Insider Transaction Report
Form 4
Cooper Steve D
DirectorPresident, CEO10% Owner
Transactions
- Tax Payment
Common Stock
2019-09-20$2.68/sh+1,967$5,272→ 2,990,080 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Unit
2019-09-20−2,500→ 15,000 total(indirect: By Trust)→ Common Stock (2,500 underlying)
Footnotes (4)
- [F1]Represents a "net stock issuance" of vested and outstanding Restricted Stock Units. The reporting person received 1,967 shares of common stock on the net stock issuance of 2,500 shares of common stock. The reporting person forfeited 533 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the closing stock price on September 19, 2019 of $2.68.
- [F2]These shares are owned directly by the Cooper Revocable Trust dated April 25, 2001, a ten percent owner of the issuer, and indirectly by Steve Cooper as trustee of the trust. Steve Cooper is an officer and director of the issuer.
- [F3]Restricted stock units convert into common stock on a one-for-one basis.
- [F4]Prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/12, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each quarter of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/12. This Restricted Stock Unit will be fully vested after three (3) years of service.