SCHWALLER JOSEPH MICHAEL 4
4 · ISECURETRAC CORP · Filed Nov 8, 2012
Insider Transaction Report
Form 4
ISECURETRAC CORPisec
SCHWALLER MICHAEL JOSEPH
Director
Transactions
- Award
Common Stock
2012-11-07+3,333→ 34,025,615 total
Footnotes (2)
- [F1]At the election of Mr. Schwaller, Mr. Schwaller was awarded 3,333 shares of common stock in lieu of cash compensation of $500 for attendance at a meeting of the Board of Directors. The share calculation is based on the per quarter fee to non-employee directors of $500 divided by the September 28, 2012 closing price of $0.15.
- [F2]Of the total securities owned following this transaction, 6,995 are owned by Mr. Schwaller and the balance are owned by IST Holdings, LLC of which Mr. Schwaller is a manager.