SEC Form 4 · accession 0001437749-17-004328
USA TRUCK INC · USAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Nari Martin Tewari
Officer — President - Trucking
Period of report
Feb 6, 2017
Accepted (ET)
Mar 10, 2017 · 7:10 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 6, 2017 | D | 3,225 | $0.00 | D | 51,908 | D | |
| Common StockF2 | Feb 6, 2017 | F | 320 | $8.35 | D | 51,588 | D | |
| Common StockF3 | Mar 8, 2017 | A | 5,940 | $0.00 | A | 57,528 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As previously reported on a Form 4 filed on March 30, 2016, the reporting person was granted 22,580 shares of restricted stock, subject to continued employment and certain other forfeiture and vesting provisions. As a result of the performance conditions for the performance period January 1, 2016 through December 31, 2016 being achieved at a lower level that the maximum amount of shares that could be received (which was the amount reported on the previous Form 4), 3,225 shares of restricted stock were cancelled and are thus no longer deemed beneficially owned by the reporting person. The reporting person received no consideration from the issuer in connection with this cancellation/disposition.
- F2Represents shares surrendered to the issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock granted to the reporting person.
- F3Represents an award of restricted stock to the reporting person under the USA Truck, Inc. 2014 Omnibus Incentive Plan. The award contains forfeiture restrictions if certain performance targets are not achieved for the period January 1, 2017 to December 31, 2017. If the performance targets are achieved (as determined on the date of determination), the award remains subject to forfeiture and vests in three equal annual installments on the first anniversary of the date of determination through 2021, subject to continued employment.