SEC Form 4 · accession 0001181431-15-002615
EPIQ SYSTEMS INC · EPIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James A Byrnes
Director
Period of report
Feb 13, 2015
Accepted (ET)
Feb 17, 2015 · 4:24 pm EST
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 StockF2 | Feb 13, 2015 | M | 4,250 | $8.13 | A | 18,253 | D | |
| Common StockF3,F4 | Feb 13, 2015 | F | 1,889 | $18.30 | D | 16,364 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non Qualified Stock Options (right to buy) | $8.13 | Feb 13, 2015 | M | 4,250 | D | May 14, 2005 | Feb 14, 2015 | Common Stock | 4,250 | 0 | D |
Explanation of responses
- F1This option was scheduled to expire on February 14, 2015.
- F2The stock option was exercised using a Cashless Net Share Settlement in accordance with the terms of the Issuer's 2004 Equity Incentive Plan as amended and restated. A Cashless Net Share Settlement results in the reporting person holding shares upon exercise of the stock option and obligates them to surrender a portion of the shares received upon exercise of the stock option in order to satisfy the aggregate exercise price obligation.
- F3This component of the Cashless Net Share Settlement reflects the shares that the reporting person was obligated to surrender to the Issuer to pay for the aggregate exercise price for the shares acquired on February 13, 2015.
- F4Common Stock of 16,364 shown in Table I above excludes options of 76,250. Total amount of common stock and options is 92,614.