SEC Form 4 · accession 0001209191-16-111544

EPIQ SYSTEMS INC · EPIQ

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Mar 30, 2016

Accepted (ET)

Apr 1, 2016 · 4:20 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 Stock^F1	Mar 30, 2016	M	11,250	$12.71	A	54,730	D
Common Stock^F2,F3	Mar 30, 2016	F	10,077	$14.19	D	44,653	D

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)^F1	$12.71	Mar 30, 2016	M	11,250	D	Mar 30, 2011	Mar 30, 2016	Common Stock	11,250	0	D

F1The share issuance reported on Table 1 reflects shares issued upon the exercise of a stock option granted on March 30, 2006, which, if unexercised, would have expired on March 30, 2016. The option exercise is reported on Table II.
F2This option exercise was pursuant to a net issuance arrangement effected under the Issuer's equity incentive plan. The number of shares issued pursuant to the net issuance arrangement was calculated as follows: the option exercise price $12.71 was multiplied by the number of stock options 11,250, for an aggregate stock option exercise cost of $142,987.50, and this amount was then divided by the March 30, 2016 market close price $14.19, with the resulting amount of 10,077 shares subtracted from the number of options exercised. No shares were sold into the market as part of the exercise in connection with the net issuance arrangement.
F3Common stock of 44,653 shown in Table 1 excludes stock option awards of 65,000. The total amount of common stock and stock option awards is 109,653.