SEC Form 4 · accession 0001690416-18-000001
Usio, Inc. · USIO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lowell Thomas Jewell
Officer — SVP, CFO
Period of report
Jan 8, 2018
Accepted (ET)
Jan 10, 2018 · 3:57 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 StockF1 | Jan 8, 2018 | C | 40,000 | $2.50 | A | 212,223 | D | |
| Common Stock | Jan 8, 2018 | D | 13,060 | $2.50 | D | 199,163 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person received these shares of common stock due to conversion of restricted stock units granted to him on January 6, 2017 and vested on January 8, 2018 for services as the Issuer's CFO.
- F2The issuer repurchased the shares at the closing price on January 8, 2016 to cover payroll taxes due.