SEC Form 4 · accession 0001181431-15-003171
EPIQ SYSTEMS INC · EPIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad D. Scott
Officer — President and COO · Director
Period of report
Feb 20, 2015
Accepted (ET)
Feb 24, 2015 · 4:11 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 StockF1 | Feb 20, 2015 | A | 120,000 | $0.00 | A | 282,210 | D | |
| Common StockF2 | Feb 20, 2015 | A | 30,087 | $0.00 | A | 312,297 | D | |
| Common StockF3 | Feb 20, 2015 | F | 59,343 | $18.28 | D | 252,954 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This restricted stock award is earned by the Reporting Person upon certification of the achievement of certain financial criteria for the year ended December 31, 2015 (the "Certification Date"), by the Issuer's compensation committee. This restricted stock award vests one third on the Certification Date and one third each anniversary thereafter through the second anniversary of the Certification Date.
- F2Represents fully vested common stock granted to the Reporting Person for achievement of 2014 objectives.
- F3Represents the mandatory sale to the Issuer for taxes due in connection with the grant of fully vested common stock (as described in footnote 2) and the vesting of 100,000 shares of restricted stock previously reported on Form 4 dated January 30, 2014.