4//SEC Filing
BERENSON D S 4
Accession 0001250072-06-000006
CIK 0000844789other
Filed
Jan 3, 7:00 PM ET
Accepted
Jan 4, 4:15 PM ET
Size
6.2 KB
Accession
0001250072-06-000006
Insider Transaction Report
Form 4
BERENSON D S
Director
Transactions
- Other
Common Stock
2006-01-03$6.39/sh+782$4,997→ 57,183 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 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 Company's common stock on the first business day of each year. The Company's closing sales price of its common stock as quoted on the Nasdaq National Market System on January 3, 2006 was $6.39. The 782 shares were issued to 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. Berenson directly owns 2,683 shares and beneficially owns 54,500 shares which includes 52,500 shares which may be purchased upon exercise of stock options and 2,000 shares held in a retirement account.
Documents
Issuer
US HOME SYSTEMS INC
CIK 0000844789
Entity typeother
Related Parties
1- filerCIK 0001250070
Filing Metadata
- Form type
- 4
- Filed
- Jan 3, 7:00 PM ET
- Accepted
- Jan 4, 4:15 PM ET
- Size
- 6.2 KB