SEC Form 4 · accession 0001014108-17-000031
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 22, 2017
Accepted (ET)
Feb 24, 2017 · 12:47 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 22, 2017 | F | 1,607 | $22.00 | D | 207,860 | D | |
| Common Stock | Feb 22, 2017 | A | 11,079 | $0.00 | A | 218,939 | D | |
| Common Stock | Feb 22, 2017 | A | 18,466 | $0.00 | A | 237,405 | D | |
| Common Stock | Feb 23, 2017 | F | 1,246 | $22.00 | D | 236,159 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares surrendered to NIC Inc. by the Reporting Person to satisfy tax withholding obligations on vesting of restricted shares granted February 22, 2016.
- F2Service-based restricted stock award which vests in four annual installments beginning on February 22, 2018 and each anniversary thereafter.
- F3Performance-based restricted stock award which will vest on February 22, 2020, based upon satisfaction of certain performance metrics achieved during a performance period beginning on January 1, 2017 and ending on December 31, 2019.
- F4Represents shares surrendered to NIC Inc. by the Reporting Person to satisfy tax withholding obligations on vesting of restricted shares granted February 23, 2015.