SEC Form 4 · accession 0001014108-18-000029
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, 2018
Accepted (ET)
Feb 26, 2018 · 6:15 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, 2018 | F | 1,215 | $13.70 | D | 224,793 | D | |
| Common Stock | Feb 22, 2018 | F | 1,517 | $13.70 | D | 223,276 | D | |
| Common Stock | Feb 22, 2018 | A | 17,791 | $0.00 | A | 241,067 | D | |
| Common Stock | Feb 22, 2018 | A | 29,654 | $0.00 | A | 270,721 | D | |
| Common Stock | Feb 23, 2018 | F | 1,177 | $13.75 | D | 269,544 | D | |
| Common Stock | Feb 23, 2018 | D | 17,885 | $0.00 | D | 251,659 | D | |
| Common Stock | Feb 24, 2018 | F | 1,037 | $13.75 | D | 250,622 | 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, 2017.
- F2Represents shares surrendered to NIC Inc. by the Reporting Person to satisfy tax withholding obligations on vesting of restricted shares granted February 22, 2016.
- F3Service-based restricted stock award which vests in four annual installments beginning on February 22, 2019 and each anniversary thereafter.
- F4Performance-based restricted stock award which will vest on February 22, 2021, based upon satisfaction of certain performance metrics achieved during a performance period beginning on January 1, 2018 and ending on December 31, 2020.
- F5Represents shares surrendered to NIC Inc. by the Reporting Person to satisfy tax withholding obligations on vesting of restricted shares granted February 23, 2015.
- F6Forfeiture of shares related to the previously reported performance-based restricted stock award granted on February 23, 2015. Such award represented the maximum number of shares that could be earned at the end of a three-year period ending December 31, 2017.
- F7Represents shares surrendered to NIC Inc. by the Reporting Person to satisfy tax withholding obligations on vesting of restricted shares granted February 24, 2014.