O'Brien Kevin Patrick 4
4 · CPI Card Group Inc. · Filed Mar 24, 2020
Insider Transaction Report
Form 4
O'Brien Kevin Patrick
Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2020-03-22+203→ 203 total - Disposition to Issuer
Common Stock
2020-03-22$0.50/sh−4,464$2,232→ 0 total - Exercise/Conversion
Cash Performance Units
2020-03-22−4,464→ 0 total→ Common Stock (4,464 underlying) - Exercise/Conversion
Common Stock
2020-03-22+4,464→ 4,464 total - Tax Payment
Common Stock
2020-03-22$0.60/sh−3$2→ 200 total - Exercise/Conversion
Restricted Stock Units
2020-03-22−203→ 0 total→ Common Stock (203 underlying)
Footnotes (5)
- [F1]The disposition to the Issuer reflects the settlement of approximately 1/3 of the performance units in cash.
- [F2]Each restricted stock unit ("RSU") represents the right to receive one common share of Issuer upon vesting of such RSU.
- [F3]Shares withheld by Issuer to satisfy the mandatory tax withholding requirement upon vesting of restricted stock. Not an open market sale of securities.
- [F4]Each performance unit vested on March 22, 2020 and entitled the reporting person to receive a cash payment equal to the target value of $1 per unit, subject to adjustment based on the Issuer's stock price performance.
- [F5]On March 22, 2017, the reporting person was granted 203 RSUs (taking into effect 1-for-5 reverse stock split which was effected on 12/20/2017), vesting on the third anniversary of award date.