SEC Form 4 · accession 0001171843-17-000184
Usio, Inc. · USIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lowell Thomas Jewell
Officer — Chief Financial Officer
Period of report
Jan 6, 2017
Accepted (ET)
Jan 10, 2017 · 6:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001088034
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.001 par value per share | holding | — | — | — | 22,223 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3 | — | Jan 6, 2017 | J | 200,000 | A | Jan 6, 2018 | Jan 6, 2022 | Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- F2The restricted stock units were granted by the Issuer in connection with Mr. Jewell's appointment as Chief Financial Officer.
- F3The restricted stock units vest in five equal tranches of 40,000 per year, beginning on January 6, 2018 and becoming fully vested on January 6, 2022.