SEC Form 4 · accession 0001629311-17-000001
INDUSTRIAL SERVICES OF AMERICA INC · IDSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd L. Phillips
Officer — President and CFO
Period of report
Dec 31, 2016
Accepted (ET)
Jan 4, 2017 · 2:17 pm EST
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 | Dec 31, 2016 | M | 11,250 | — | A | 67,803 | D | |
| Common Stock | Dec 31, 2016 | F | 3,998 | $1.79 | D | 63,805 | 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 | — | Dec 31, 2016 | M | 11,250 | D | — | — | Common Stock | 11,250 | 11,250 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- F2On 6/15/2016, the reporting person was granted 90,000 RSUs, vesting as follows if the reporting person remains employed by the issuer through each of the following dates: (i)on 7/1/2016, 45,000 RSUs vest; (ii)on 12/31/2016, 11,250 RSUs vest; (iii)on 6/30/2017, 11,250 RSUs vest; (iv)on 12/31/2017, 11,250 RSUs vest; (v)on 6/15/2018, 11,250 RSUs vest.