Form 4 for TACT TRANSACT TECHNOLOGIES INC
Accepted 2023-01-04 00:00:00 ET · period of report 2022-12-31 · accession 0001264811-23-000001 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-01-04 | 2022-12-31 | TACT | SHULDMAN BART C | CEO, Dir | M - OptEx | $6.32 | +4,917 | 116.4K | +4% | +$31.1K |
| D | 2023-01-04 | 2022-12-31 | TACT | SHULDMAN BART C | CEO, Dir | M - OptEx | $0.00 | -7,269 | 7,270 | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-12-31 | M | A | 4,917 | $6.32 | 116,393 | D | — | — | (F2) Mr. Shuldman relinquished 2,352 shares of common stock of the 7,270 performance stock units that converted to common stock on January 3, 2023 in order to pay the required income and payroll taxes. |
| 2 | Derivative | Performance Stock Units | 2022-12-31 | M | D | 7,269 | $0.00 | 7,270 | D | $6.32 · — to — | 7,269 Common Stock | (F3) Shares of Performance Stock Units (PSU) issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, which vest in three equal installments on March 2, 2022, December 31, 2022 and December 31, 2023 and convert to common stock on a one-for-one basis on each vesting date. The PSUs were earned on a variable basis dependent upon level of achievement against a performance metric, which was based on terminals and software installed during the year ended December 31, 2021. The performance criteria was satisfied at a 82.6% level, which resulted in a payout of 56.5% of the PSUs granted during 2021. |