SEC Form 4 · accession 0001014108-16-000361
NIC INC · EGOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen M Kovzan
Officer — Chief Financial Officer
Period of report
Feb 5, 2016
Accepted (ET)
Feb 9, 2016 · 3:47 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001065332
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 5, 2016 | D | 3,072 | $0.00 | D | 180,798 | D | |
| Common Stock | Feb 5, 2016 | J | 1,139 | $0.00 | A | 181,937 | D | |
| Common Stock | Feb 5, 2016 | F | 6,284 | $17.44 | D | 175,653 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Forfeiture of shares related to the previously reported performance-based restricted stock award granted on February 5, 2013. Such award represented the maximum number of shares that could be earned at the end of a three-year performance period ending December 31, 2015. The actual number of shares earned was based on the Company's performance related to specified performance criteria over the performance period.
- F2Additional shares awarded to Reporting Person from stock dividends on earned performance-based restricted stock award granted on February 5, 2013.
- F3Represents shares surrendered to NIC Inc. by the Reporting Person to satisfy tax withholding obligations on vesting of restricted shares.