SEC Form 4 · accession 0001640015-17-000001
Usio, Inc. · USIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Miguel A Chapa
Director
Period of report
Apr 11, 2017
Accepted (ET)
Apr 13, 2017 · 4:52 pm EDT
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 | Apr 11, 2017 | J | 2,000 | $1.85 | D | 31,334 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Previously, on April 28, 2015, the reporting person reported the grant of 33,334 shares for services on the issuer's board of directors. Of this grant, 20,001 shares vested on April 24, 2015 and January 1, 2016. 6,667 shares vested on January 1, 2017, and in connection with the vesting of these shares, the reporting person returned 2,000 shares at the closing price of $1.85 on April 11, 2017 to cover taxes due. The remaining 6,666 shares vest on January 1, 2018 or upon a change of control.