SEC Form 4/A · accession 0001437749-17-004336
USA TRUCK INC · USAK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
James Allie Craig
Officer — EVP, Chief Commercial Officer
Period of report
Feb 6, 2017
Accepted (ET)
Mar 10, 2017 · 9:53 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 | 3,724 | $0.00 | D | 78,718 | D | |
| Common StockF2,F3 | Mar 8, 2017 | A | 6,930 | $0.00 | A | 85,821 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1As previously reported on a Form 4 filed on February 17, 2016, the reporting person was granted 41,587 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), 3,724 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 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 following such period), the award remains subject to forfeiture and vests in four equal annual installments beginning on such date of determination and continuing through 2021, subject to continued employment.
- F3The amount includes shares purchased by the reporting person from the USA Truck, Inc., Employee Stock Purchase Plan that have not been previously reported.