Thomas S. Kucinski - May 19, 2021 Form 4 Insider Report for Information Services Group Inc. (III)

Signature
David E. Berger, as attorney-in-fact
Stock symbol
III
Transactions as of
May 19, 2021
Transactions value $
-$35,366
Form type
4
Date filed
5/21/2021, 05:02 PM
Next filing
Jun 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction III Shares of Common Stock Tax liability -$35.4K -6.34K -2.59% $5.58 238K May 19, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction III Performance Based RSUs Options Exercise $0 +12.2K $0.00* 0 May 19, 2021 Common Stock 12.2K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents deemed disposition of shares of common stock to the Issuer as a result of withholding of shares of common stock to satisfy tax withholding obligations in connection with vesting of restricted stock units issued in accordance with Rule 16b-3.
F2 On September 1, 2020, the Reporting Person received a grant of RSUs that could be earned based on achievement of market price goals, which were measured at the average closing price of the Issuer's common stock over any consecutive ten-trading-day period prior to and including the fourth anniversary of the date of grant. 100% of the number of RSUs would be earned if such measured market price was $5.25 or above. On May 19, 2021, the market price goal was satisfied and the Issuer's common stock traded 172% higher as compared to the date of the grant. Once the market price goal was satisfied, the RSUs were fully vested.