ACCESS Newswire Inc. — Director's Dealing 2018

May 31, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ISSUER DIRECT CORP (ISDR)
CIK: 0000843006
Period of Report: 2018-05-29

Reporting Person: Galleher J. Patrick (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-29	Common Stock	S	163	$17.50	Disposed	17503	Direct
2018-05-30	Common Stock	S	3903	$17.25	Disposed	13600	Direct
2018-05-30	Common Stock	S	4066	$13.49	Acquired	17666	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-30	Options to Purchase Common Stock	$13.49	M	4066	Disposed	2019-06-30	Common Stock (4066)	Direct

Footnotes

F1: This Form is being filed to report, among other things, the exercise of a stock option for a total of 4,066 shares of Common Stock. The stock option was initially granted to the Reporting Person on March 11, 2014 for an aggregate of 40,000 shares of Common Stock at an exercise price of $13.49 per share (the "Initial Option"). In connection with the exercise of the stock option, the Reporting Person sold 163 shares of Common Stock on the open market on May 29, 2018 at a price of $17.50 and 3,903 shares of Common Stock on the open market on May 30, 2018 at a weighted average price of $17.25 per share for gross proceeds of $70,180 in order to pay for the aggregate option exercise price of $54,850. As a result of these transactions, the Reporting Person, on a net basis, did not acquire any additional shares of Common Stock. The Reporting Person continues to have 35,934 shares of Common Stock exercisable under the Initial Option.

F2: The $17.25 represents a weighted average price. The Reporting Person sold 3 shares of Common Stock at price of $17.50 per share and 3,900 shares of Common Stock at a price of $17.25 per share.