SEC Form 4 · accession 0000049728-17-000043
IEC ELECTRONICS CORP · IEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric Singer
Director
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 2017 · 3:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000049728
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 7, 2017 | A | 6,596 | $0.00 | A | 18,266 | D | |
| Common StockF2 | holding | — | — | — | 104,651 | I | By Vertex Capital Advisors, LLC (n/k/a VIEX Capital Advisors, LLC) |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This annual restricted stock award was granted to each non-employee director under the Issuer's 2010 Omnibus Incentive Compensation Plan in a transaction exempt under Rule 16b-3 and vests equally on the first three anniversaries of the grant date. The number of shares awarded has a grant-date fair value of $25,000 and is calculated on the closing price of the Issuer's common stock on the grant date ($3.79).
- F2Mr. Singer disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Singer is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.