SEC Form 4 · accession 0001629311-18-000003
INDUSTRIAL SERVICES OF AMERICA INC · IDSA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd L. Phillips
Officer — CEO, President and CFO · Director
Period of report
Jun 15, 2018
Accepted (ET)
Jun 28, 2018 · 2:03 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 | Jun 15, 2018 | M | 11,250 | — | A | 89,643 | D | |
| Common Stock | Jun 15, 2018 | F | 3,914 | $1.97 | A | 85,729 | 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 | — | holding | — | — | — | — | — | Common Stock | 40,646 | 40,646 | D |
| Non-Incentive Stock Option (Right to Buy)F3 | $2.46 | holding | — | — | — | — | Mar 28, 2023 | Common Stock | 31,041 | 31,041 | D |
Explanation of responses
- F1Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock.
- F2The RSUs vest on 3/28/2021, subject to continued employment.
- F3The Non-Incentive Stock Options shall vest and become exercisable as follows: (i) on 3/28/2019, 10,347 options vest and become exercisable; (ii) on 3/28/2020, 10,347 options vest and become exercisable; (iii) on 3/28/2021, 10,347 options vest and become exercisable.