Thomas S. Kucinski - Aug 10, 2021 Form 4 Insider Report for Information Services Group Inc. (III)

Signature
Humberto P. Alfonso, as attorney-in-fact
Stock symbol
III
Transactions as of
Aug 10, 2021
Transactions value $
-$31,503
Form type
4
Date filed
8/12/2021, 04:14 PM
Previous filing
Aug 3, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction III Shares of Common Stock Options Exercise +9.23K +3.76% 255K Aug 10, 2021 Direct F2
transaction III Shares of Common Stock Tax liability -$31.5K -4.8K -1.88% $6.57 250K Aug 10, 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 +9.23K $0.00* 0 Aug 10, 2021 Common Stock 0 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 August 1, 2019, 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 $6.00 or above. On August 10, 2021, the market price goal was satisfied and the Issuer's common stock traded 142% higher as compared to the date of the grant. Once the market price goal was satisfied, the RSUs were fully vested.