SEC Form 4 · accession 0000883945-19-000022
USA TRUCK INC · USAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy W Guin
Officer — EVP & Chief Commercial Officer
Period of report
Feb 26, 2019
Accepted (ET)
Feb 28, 2019 · 8:08 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 | Feb 26, 2019 | A | 26,087 | $0.00 | A | 42,732 | 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)F2 | $17.75 | Feb 26, 2019 | A | 17,505 | A | — | Feb 26, 2029 | Common Stock | 17,505 | 17,505 | 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) 15,608 shares are subject to time-based vesting in four equal annual installments beginning on the first anniversary of the grant date and (ii) 10,479 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, termination provisions.
- F2Represents 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.