SEC Form 4 · accession 0001104659-18-049280
Information Services Group Inc. · III
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P Connors
Officer — Chairman & CEO · Director
Period of report
Aug 1, 2018
Accepted (ET)
Aug 2, 2018 · 9:05 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001371489
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Shares of Common Stock | Aug 1, 2018 | A | 184,275 | $0.00 | A | 4,636,954 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance-based RSUsF2 | — | Aug 1, 2018 | A | 122,850 | A | Aug 1, 2020 | Aug 1, 2021 | Common Stock | 122,850 | 122,850 | D |
Explanation of responses
- F1Represents restricted stock units granted to the reporting person pursuant to the Information Services Group, Inc. Amended and Restated 2007 Equity and Incentive Award Plan, which will vest in 4 equal installments on each of the first, second, third and fourth anniversaries of August 1, 2018.
- F2Represents a grant of RSUs that may be earned based on achievement of market price goals, which will be measured at the average closing price of the Issuer's common stock over the ten-trading-day period prior to and including the second anniversary of the date of grant. 50% of the number of RSUs reported above will be earned if the measured market price is $6 and 100% of the RSUs will be earned if the measured market price is $8 or above, with straight-line interpolation of the number of earned RSUs if the measured market price is between $6 and $8. Unearned RSUs will be canceled. Market price goals are subject to adjustment for stock splits and certain other corporate events. Once determined, any such earned RSUs will be subject to an additional one-year vesting term.