SEC Form 4 · accession 0001140361-16-048070
USA TRUCK INC · USAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael K Borrows
Officer — EVP, Chief Financial Officer
Period of report
Jan 14, 2016
Accepted (ET)
Jan 19, 2016 · 5:52 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 | Jan 14, 2016 | A | 30,523 | $0.00 | A | 37,466 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents an award of restricted stock to the reporting person under the USA Truck, Inc. 2014 Omnibus Incentive Plan. Of the reported shares, (i) 8,721 shares are subject to performance vesting targets, with any such shares whereby the performance targets were satisfied vesting in equal annual installments through January 31, 2020, and (ii) 21,802 shares are subject to performance vesting targets, with a performance period from January 1, 2016, through December 31, 2018.
- F2The amount includes shares purchased by the reporting person from the USA Truck, Inc. Employee Stock Purchase Plan that have not been previously reported.