SEC Form 4 · accession 0001316621-18-000004
INDUSTRIAL SERVICES OF AMERICA INC · IDSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Orson Oliver
Director · 10% Owner
Period of report
Jul 9, 2018
Accepted (ET)
Jul 11, 2018 · 11:32 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000004187
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 9, 2018 | A | 13,228 | $0.00 | A | 45,702 | D | |
| Common StockF2 | holding | — | — | — | 20,025 | I | See Footnote 2 |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Incentive Stock Option (Right to Buy) | $4.68 | holding | — | — | — | May 16, 2014 | May 15, 2019 | Common Stock | 86,000 | 86,000 | D |
Explanation of responses
- F1Reflects restricted stock units granted to the reporting person as an annual award for service on the Board of Directors. The RSUs will vest on 7/9/2019 if and to the extent that the reporting person is a member of the Board of Directors continuously for the entire Service Period (as defined in the Restricted Stock Unit Grant Agreement between the Company and the reporting person).
- F2Shares are held in trusts for the benefit of Mr. Oliver's daughters and minor grandchildren for which Mr. Oliver serves as trustee.