SEC Form 4 · accession 0001209191-16-102283
EPIQ SYSTEMS INC · EPIQ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Tom W Olofson
Officer — Chairman & CEO · Director · 10% Owner
Period of report
Feb 22, 2016
Accepted (ET)
Feb 25, 2016 · 4:14 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,F2 | Feb 22, 2016 | F | 23,725 | $13.00 | D | 3,572,909 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock surrendered by the Reporting Person to the Issuer to satisfy income tax obligations in connection with the vesting of 50,000 shares of the total 150,000 shares of performance-based restricted stock previously reported on Form 4 dated February 24, 2015. The 150,000 shares of performance-based restricted stock were earned based on the achievement of certain fiscal year 2015 financial objectives. The remaining 100,000 shares of performance-based restricted stock will vest in equal installments on February 20, 2017 and 2018, contingent on continuous employment through each vesting date.
- F2Common stock of 3,572,909 shown in Table 1 excludes stock option awards of 512,500. The total amount of common stock and stock option awards is 4,085,409.