Michael P. Connors - Aug 1, 2022 Form 4 Insider Report for Information Services Group Inc. (III)

Signature
/s/ Humberto P. Alfonso, Attorney-in-Fact
Stock symbol
III
Transactions as of
Aug 1, 2022
Transactions value $
$557,304
Form type
4
Date filed
8/3/2022, 05:10 PM
Previous filing
Jun 3, 2022
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction III Shares of Common Stock Options Exercise $1.82M +241K +4.29% $7.54 5.87M Aug 1, 2022 Direct
transaction III Shares of Common Stock Tax liability -$161K -21.4K -0.36% $7.54 5.84M Aug 1, 2022 Direct F1
transaction III Shares of Common Stock Tax liability -$843K -112K -1.91% $7.54 5.73M Aug 1, 2022 Direct F1
transaction III Shares of Common Stock Tax liability -$258K -34.2K -0.6% $7.54 5.7M Aug 1, 2022 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 -295K -100% $0.00* 0 Aug 1, 2022 Common Stock 241K 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. Each deemed disposition relates to a separate grant of restricted stock units.
F2 On August 1, 2019, the Reporting Person was granted RSUs that would be earned based on achievement of market price goals, which were measured as 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 would be earned if the measured market price was $6 and 100% of the RSUs would be earned if the measured market price was $8 or above, with straight-line interpolation of the number of earned RSUs if the measured market price was between $6 and $8. Based on the creation of more than $230 million in market value since the grant in August 2019, these performance shares vested at 82% of the maximum that could have been earned.