SEC Form 4 · accession 0001629311-16-000002
INDUSTRIAL SERVICES OF AMERICA INC · IDSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd L. Phillips
Officer — Chief Financial Officer
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 3:52 pm 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 | Apr 1, 2016 | M | 32,000 | — | A | 40,196 | D | |
| Common Stock | Apr 1, 2016 | F | 12,651 | $2.46 | D | 27,545 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Apr 1, 2016 | M | 32,000 | D | — | — | Common Stock | 32,000 | 0 | D |
| Stock Option (Right to Buy)F3 | $5.97 | holding | — | — | — | — | Dec 31, 2019 | Common Stock | 150,000 | 150,000 | D |
| Stock Option (Right to Buy)F4 | $5.71 | holding | — | — | — | — | Jan 2, 2020 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.
- F2On March 25, 2016, the reporting person was granted 32,000 RSUs, vesting on April 1, 2016.
- F3Grant Date 12/31/2014; the options became exercisable over a three-year period from the date of grant, with 1/3 exercisable on the first anniversary of the grant date and 1/6 vesting every six months thereafter until the three-year anniversary of the grant date.
- F4Grant Date 1/2/2015; the options became exercisable over a three-year period from the date of grant, with 1/3 exercisable on the first anniversary of the grant date and 1/6 vesting every six months thereafter until the three-year anniversary of the grant date.