SEC Form 4 · accession 0000883945-19-000018
USA TRUCK INC · USAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James D Reed
Officer — President and CEO · Director
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 8:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000883945
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 26, 2019 | A | 60,347 | $0.00 | A | 149,550 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy common stock)F3 | $17.75 | Feb 26, 2019 | A | 48,174 | A | — | Feb 26, 2029 | Common Stock | 48,174 | 48,174 | D |
Explanation of responses
- F1Represents an award of restricted stock to the reporting person under the USA Truck, Inc. 2014 Omnibus Incentive Plan, as amended. Of the reported restricted stock, (i) 38,375 shares are subject to time-based vesting in four equal annual installments beginning on the first anniversary of the grant date and (ii) 21,972 shares are subject to performance-based vesting at the conclusion of a three-year performance period ending December 31, 2021. Vesting of the restricted shares is subject to continued employment and certain vesting, forfeiture and termination provisions.
- F2This amount includes shares purchased by the reporting person from the USA Truck, Inc., Employee Stock Purchase Plan that have not been previously reported.
- F3Represents stock option award under the USA Truck, Inc., Omnibus Incentive Plan, as amended, that will vest in four annual increments beginning on the first anniversary of the grant date, and is subject to continued employment and certain vesting, forfeiture, and termination provisions.