SEC Form 4 · accession 0001593722-16-000001
INDUSTRIAL SERVICES OF AMERICA INC · IDSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Algar, Inc.
10% Owner
Period of report
Sep 30, 2016
Accepted (ET)
Oct 4, 2016 · 2:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000004187
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F1 | $5.00 | Sep 30, 2016 | J | 1,500,000 | D | — | — | Common Stock | 1,500,000 | 0 | D |
Explanation of responses
- F1In connection with the termination of a Management Services Agreement (the "MSA") between the issuer and the reporting person, the parties agreed to terminate 1,500,000 out-of-the-money stock options that the issuer granted to the reporting person in connection with the MSA.