YOHO DAVID A 4
4 · US HOME SYSTEMS INC · Filed Jan 4, 2005
Insider Transaction Report
Form 4
YOHO DAVID A
Director
Transactions
- Other
Common Stock
2005-01-03$6.35/sh+787$4,997→ 272,347 total(indirect: See footnotes)
Footnotes (2)
- [F1]Pursuant to the USHS Non-Employee Director Compensation Plan, each non-employee director shall receive an annual retainer of $15,000 of which $5,000 shall be paid by the Company by issuing shares of its common stock in lieu of cash compensation. The plan provides that the number of shares of common stock to be issued in lieu of the $5,000 cash payment shall be based on the closing sales price of the Companys common stock on the first business day of each year. The Companys closing sales price of its common stock as quoted on the Nasdaq National Market System on January 3, 2005 was $6.35. The 787 shares were issued to the director in lieu of a cash payment of $5,000. The remaining $10,000 annual retainer will be paid in quarterly payments of $2,500, which at the option of the director may be paid in cash or in shares of common stock of the Company.
- [F2]After this transaction, Mr. Yoho directly owns 787 shares and beneficially owns 271,560 shares of common stock which includes 237,060 shares held by the David A. Yoho Revocable Trust of which Mr. Yoho is the Trustee, 32,500 shares which may be purchased by Mr. Yoho upon exericse of stock options and 2,000 shares held in the David A. Yoho IRA Rollover.