SEC Form 4 · accession 0000899243-16-030449
EPIQ SYSTEMS INC · EPIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad D. Scott
Officer — President and COO
Period of report
Sep 30, 2016
Accepted (ET)
Sep 30, 2016 · 5:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001027207
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 30, 2016 | A | 106,099 | $0.00 | A | 455,218 | D | |
| Common StockF2 | Sep 30, 2016 | D | 322,169 | $16.50 | D | 133,049 | D | |
| Common StockF3 | Sep 30, 2016 | D | 133,049 | $16.50 | D | 0 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents unvested performance restricted stock units (PRSUs) granted on January 28, 2016 that represented a contingent right to receive one share of common stock per PRSU. Pursuant to the Agreement and Plan of Merger, dated as of July 26, 2016, by and among Epiq Systems, Inc., Document Technologies, LLC and DTI Merger Sub, Inc. (the "Merger Agreement") and the applicable award agreement, these PRSUs became fully vested at the effective time of the merger.
- F2Pursuant to the Merger Agreement, these shares were canceled and converted into the right to receive $16.50 per share in cash, without interest and less any applicable withholding taxes (the "Merger Consideration").
- F3Pursuant to the Merger Agreement, these shares of unvested restricted stock became fully vested at the effective time of the merger and were canceled and converted into the right to receive the Merger Consideration.