Form 4 for TACT TRANSACT TECHNOLOGIES INC
Accepted 2022-03-04 00:00:00 ET · period of report 2022-03-02 · accession 0001567619-22-006421 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-03-04 | 2022-03-02+ | TACT | DEMARTINO STEVEN A | Pres, CFO, Treas, Secr | M - OptEx | $0.00 | +2,386 | 81.5K | +3% | $0 |
| DM | 2022-03-04 | 2022-03-02+ | TACT | DEMARTINO STEVEN A | Pres, CFO, Treas, Secr | M - OptEx | $0.00 | -3,936 | 4,125 | -49% | $0 |
| DM | 2022-03-04 | 2022-03-02 | TACT | DEMARTINO STEVEN A | Pres, CFO, Treas, Secr | A - Grant | $6.69 | +23.4K | 17.2K | New | +$156.5K |
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 | 2022-03-04 | M | A | 833 | $0.00 | 82,341 | D | — | — | (F7) Mr. DeMartino relinquished 542 shares of common stock of the 1,375 restricted stock units that converted to common stock on March 4, 2022 in order to pay the required income and payroll taxes. |
| 2 | Common | Common Stock | 2022-03-02 | M | A | 1,553 | $0.00 | 81,508 | D | — | — | (F6) Mr. DeMartino relinquished 1,008 shares of common stock of the 2,561 performance stock units that converted to common stock on March 2, 2022 in order to pay the required income and payroll taxes. |
| 3 | Derivative | Performance Stock Units | 2022-03-02 | M | D | 2,561 | $0.00 | 5,123 | D | — · — to — | 2,561 Common Stock | (F4) 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 ending December 31, 2021. The performance criteria was satisfied at the 82.6% level, which resulted in a payout of 56.5% of the PSAs granted during 2021. |
| 4 | Derivative | Restricted Stock Units | 2022-03-02 | A | A | 6,200 | $0.00 | 6,200 | D | — · — to — | 6,200 Common Stock | (F2) The Restricted Stock Units convert to common stock on a one-for-one basis. (F3) The Restricted Stock Units were issued pursuant to the Company's 2014 Equity Incentive Plan. The Restricted Stock Units vest 25% per year on each anniversary of the date of grant. |
| 5 | Derivative | Restricted Stock Units | 2022-03-04 | M | D | 1,375 | $0.00 | 4,125 | D | — · — to — | 1,375 Common Stock | (F5) Shares of Restricted Stock Units issued on March 4, 2021 pursuant to the Company's 2014 Equity Incentive Plan, vesting 25% annually commencing on the first anniversary of the date of grant that have converted to common stock on a one-for-one basis. |
| 6 | Derivative | Stock Option | 2022-03-02 | A | A | 17,200 | $9.10 | 17,200 | D | $9.10 · 2023-03-02 to 2032-03-02 | 17,200 Common Stock | (F1) Grant of the non-qualified stock option under the Company's 2014 Equity Incentive Plan. The option becomes exercisable 25% per year on each anniversary date of the grant. |