Form 4 for III Information Services Group Inc.
Accepted 2023-06-05 00:00:00 ET · period of report 2023-06-01 · accession 0001415889-23-009229 · 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 | 2023-06-05 | 2023-06-01 | III | CONNORS MICHAEL P | COB, CEO, Dir, 10% | A - Grant | $5.06 | +98.8K | 5.82M | +2% | +$500.0K |
| D | 2023-06-05 | 2023-06-01 | III | CONNORS MICHAEL P | COB, CEO, Dir, 10% | F - Tax | $5.06 | -25.1K | 5.80M | -0.4% | -$127.1K |
| D | 2023-06-05 | 2023-06-01 | III | CONNORS MICHAEL P | COB, CEO, Dir, 10% | A - Grant | $0.00 | +355.7K | 355.7K | New | $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 | Shares of Common Stock | 2023-06-01 | A | A | 98,814 | $5.06 | 5,822,362 | D | — | — | (F1) Represents restricted stock units (RSUs)granted to the reporting person pursuant to the Information Services Group, Inc. Amended and Restated 2007 Equity and Incentive Award Plan, which will vest in 4 equal installments on each of the first, second, third and fourth anniversaries of June 1, 2023. |
| 2 | Common | Shares of Common Stock | 2023-06-01 | F | D | 25,120 | $5.06 | 5,797,242 | D | — | — | |
| 3 | Derivative | Performance Based RSUs | 2023-06-01 | A | A | 355,731 | $0.00 | 355,731 | D | — · — to 2026-06-01 | 355,731 Common Stock | (F3) Represent a grant of RSUs that may be earned based on achievement of certain market price goals, which will be measured at the average closing price of the issuer's common stock over the ten-trading day period prior to and including the third anniversary of the date of grant. 50% of the number of RSUs reported above will be earned if the measured market price is $7.00, 75% of the RSUs will be earned if the measured market price is $8.50 and 100% of the RSUs will be earned if the measured market price is $9.00 or above, with interpolation of the number of earned RSUs between these share price points. In addition, if the measured market price meets or exceeds $9.00 at anytime before and including the third anniversary of the award, 100% of the RSUs will be earned. Unearned RSUs will be canceled. Market price goals are subject to adjustment for stock splits and certain other corporate events. Once determined, any such earned RSUs will be fully vested. |