SEC Form 4 · accession 0001408176-16-000002
IES Holdings, Inc. · IESC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David B. Gendell
Director
Period of report
Oct 3, 2016
Accepted (ET)
Oct 5, 2016 · 5:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001048268
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Oct 3, 2016 | A | 1,053 | $0.00 | A | 71,083 | D | |
| Common StockF2 | Oct 3, 2016 | J | 38,377 | $0.00 | A | 109,460 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents Phantom Stock Units granted pursuant to the Integrated Electrical Services, Inc. (n/k/a IES Holdings, Inc.) 2006 Equity Incentive Plan (as amended and restated through February 2016) upon Mr. Gendell electing to receive PSUs in lieu of a cash or common stock retainer. Each unit converts to one share of IES Holdings, Inc. common stock when Mr. Gendell leaves the board of directors for any reason.
- F2Represents shares of common stock of IES Holdings, Inc. (the Company) received by Mr. Gendell as a result of an in-kind, pro rata distribution of IES Holdings, Inc. common stock by an investment fund to all of its investors, including Mr. Gendell. The investment fund is affiliated with Tontine Capital Partners, L.P., which, together with its affiliates, is the majority shareholder of the Company.