SEC Form 4 · accession 0000897101-15-000027
IMAGE SENSING SYSTEMS INC · ISNS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dale E Parker
Officer — CEO and CFO · Director
Period of report
Jan 2, 2015
Accepted (ET)
Jan 6, 2015 · 2:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000943034
Table I — non-derivative securities
No Table I lines on this filing.
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)F1 | $2.73 | Jan 2, 2015 | A | 25,000 | A | — | Jan 2, 2025 | Common Stock | 25,000 | 25,000 | D |
| Employee Stock Option (Right to Buy)F2 | $2.73 | Jan 2, 2015 | A | 25,000 | A | — | Jan 2, 2025 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1The option becomes exercisable in four equal installments on each of the first, second, third and fourth anniverary dates of the date of grant.
- F2All of these options will vest if the Company achieves certain performance conditions for the year ending December 31, 2015.