4//SEC Filing
Kipe David 4
Accession 0001718653-19-000001
CIK 0000945114other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:11 PM ET
Size
8.4 KB
Accession
0001718653-19-000001
Insider Transaction Report
Form 4
SYSTEMAX INCSYX
Kipe David
SVP & Chief Operations Officer
Transactions
- Disposition to Issuer
Employee Stock Option (right to buy)
2019-01-17−17,550→ 0 totalExercise: $31.66Exp: 2028-10-02→ Common Stock (17,550 underlying) - Award
Employee Stock Option (right to buy)
2019-01-17+17,550→ 17,550 totalExercise: $29.36Exp: 2028-10-02→ Common Stock (17,550 underlying)
Footnotes (2)
- [F1]The transactions reported herein reflect a one-time stock option repricing (the "Option Repricing") that became effective on January 17, 2019 and are being reported in this manner solely to comply with the technical reporting requirements under Section 16(a) of the Securities Exchange Act of 1934. Pursuant to the Option Repricing, the exercise price of the Employee Stock Option (right to buy) has been amended to reduce such exercise price by $2.30. There have been no other changes to the terms of the Employee Stock Option (right to buy). The Option Repricing was related to a special dividend declared in December 2018.
- [F2]On October 2, 2018, the reporting person was granted 17,550 stock options pursuant to the Company's 2010 Long Term Incentive Plan, which vest over three years in equal installments of 5,850, starting on February 1, 2020 based on the achievement of a minimum adjusted operating income as determined in a manner consistent with the methods used in the Issuer's regular reports on Form 10K and Form 10Q.
Documents
Issuer
SYSTEMAX INC
CIK 0000945114
Entity typeother
Related Parties
1- filerCIK 0001718653
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:11 PM ET
- Size
- 8.4 KB