SEC Form 4 · accession 0000891839-16-000166
IEC ELECTRONICS CORP · IEC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith M Butler
Director
Period of report
Mar 8, 2016
Accepted (ET)
Mar 10, 2016 · 5:29 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 8, 2016 | A | 5,760 | $0.00 | A | 21,670 | D |
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 ($4.34).