4//SEC Filing
ISSUER DIRECT CORP 4
Accession 0001354488-16-007918
$ACCSCIK 0000843006operating
Filed
Jun 27, 8:00 PM ET
Accepted
Jun 28, 8:04 PM ET
Size
14.6 KB
Accession
0001354488-16-007918
Insider Transaction Report
Form 4
BALBIRNIE BRIAN R
DirectorChairman and CEO10% Owner
Transactions
- Exercise/Conversion
Common Stock
2016-06-24+7,500→ 7,500 total(indirect: By Spouse) - Purchase
Common Stock
2016-06-23$6.10/sh+1,000$6,100→ 620,255 total - Sale
Common Stock
2016-06-24$5.89/sh−7,500$44,175→ 0 total(indirect: By Spouse)
Holdings
- 500(indirect: By Spouse)
Option to Purchase Common Stock
Exp: 2024-12-16→ Common Stock (500 underlying) - 2,000(indirect: By Spouse)
Restricted Stock Unit
Exp: 2019-01-01→ Common Stock (1,000 underlying) - 1,000(indirect: By Spouse)
Restricted Stock Unit
Exp: 2017-12-16→ Common Stock (1,000 underlying)
Footnotes (6)
- [F1]Reflects shares underlying options to purchase common stock under the Issuer's 2010 Equity Incentive Plan and held by the Reporting Person's spouse with exercise prices of $1.70 for 3,000 shares, $2.10 for 1,500 shares and $3.30 for 3,000 shares for which the Reporting Person's spouse paid an aggregate exercise price of $18,240 to the Issuer. All such options had previously vested.
- [F2]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $5.73 to $6.00. The Reporting Person undertakes to provide full information regarding the number of shares and prices at which the transactions were effected upon request of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer.
- [F3]On June 23, 2016, the Reporting Person purchased 1,000 shares so that his aggregate holding is 620,255 shares of the Issuer's common stock as of the date of this filing.
- [F4]2014 Equity Incentive Plan - Incentive Stock Option issued to spouse on December 16, 2014 with the following vesting schedule: 25% upon the first anniversary of grant and the remaining 75% on a quarterly basis for the three years thereafter. All options under this grant accelerate upon a Corporate Transaction as defined in the Registrant's 2014 Equity Inventive Plan.
- [F5]2014 Equity Incentive Plan - Restrictive Stock Unit grant to spouse on December 16, 2014 with the following vesting schedule: 100% upon the third anniversary of grant. All restricted stock units vest upon a Corporate Transaction as defined in the Registrant's 2014 Equity Inventive Plan. Each Restricted Stock Unit represents the right to receive, at settlement, one share of the Registrant's common stock.
- [F6]2014 Equity Incentive Plan - Restrictive Stock Unit grant to spouse on January 1, 2016 with the following vesting schedule: (i) 33 1/3% on the first anniversary of the date of grant; (ii) 33 1/3% on the second anniversary of the date of grant and (iii) the remaining 33 1/3% on the third anniversary of the date of grant. All restricted stock units vest upon a Corporate Transaction as defined in the Registrant's 2014 Equity Inventive Plan. Each Restricted Stock Unit represents the right to receive, at settlement, one share of the Registrant's common stock.
Documents
Issuer
ISSUER DIRECT CORP
CIK 0000843006
Entity typeoperating
Related Parties
1- filerCIK 0000843006
Filing Metadata
- Form type
- 4
- Filed
- Jun 27, 8:00 PM ET
- Accepted
- Jun 28, 8:04 PM ET
- Size
- 14.6 KB