Reardon James M 4
4 · ONE STOP SYSTEMS, INC. · Filed Feb 18, 2020
Insider Transaction Report
Form 4
Reardon James M
President, CDI
Transactions
- Tax Payment
Common Stock
2020-02-13$2.73/sh+726$1,982→ 1,267,911 total - Exercise/Conversion
Restricted Stock Unit
2020-02-13−833→ 3,334 total→ Common Stock (833 underlying)
Footnotes (3)
- [F1]Represents a "net stock issuance" of vested and outstanding Restricted Stock Units. The reporting person received 726 shares of common stock on the net stock issuance of 833 shares of common stock. The reporting person forfeited 107 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the closing stock price on February 13, 2020 of $2.73.
- [F2]Restricted stock units convert into common stock on a one-for-one basis.
- [F3]Prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/6, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each six month period of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/6. This Restricted Stock Unit will be fully vested after three (3) years of service. The Initial Vesting Date shall be six months following the Date of Restricted Stock Unit Grant.