ACCESS Newswire Inc. — Director's Dealing 2018

Mar 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ISSUER DIRECT CORP (ISDR)
CIK: 0000843006
Period of Report: 2018-03-08

Reporting Person: Everett William H (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-08	Common Stock	M	19779	$7.76	Acquired	41112	Direct
2018-03-08	Common Stock	S	9227	$16.63	Disposed	31885	Direct
2018-03-09	Common Stock	M	221	$7.76	Acquired	32106	Direct
2018-03-09	Common Stock	S	4012	$16.21	Disposed	28094	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-08	Options to Purchase Common Stock	$7.76	M	19779	Disposed	2018-10-02	Common Stock (19779)	Direct
2018-03-09	Options to Purchase Common Stock	$7.76	M	221	Disposed	2018-10-02	Common Stock (221)	Direct

Footnotes

F1: This Form 4 is being filed to report the exercise of a non-statutory stock option for a total of 20,000 shares of Common Stock, with 19,779 shares being acquired on March 8, 2018 and 221 shares being acquired on March 9, 2018. The stock option was initially granted to the Reporting Person on October 2, 2013 for an aggregate of 40,000 shares of Common Stock at an exercise price of $7.76 per share (the "Initial Option"). Simultaneously with the exercise of the stock option, the Reporting Person sold (i) 9,227 shares of Common Stock on March 8, 2018 in the open market at a weighted average price of $16.63 per share in order to pay for option exercise price of $153,485 and (ii) 104 shares of Common Stock on March 9, 2018 in the open market at a weighted average price of $16.47 per share in order to pay for option exercise price of $1,715. As a result of these transactions, the Reporting Person, on a net basis, acquired ownership of 10,661 shares of Common Stock. The Reporting Person no longer has any shares of Common Stock exercisable under the Initial Option.

F2: The $16.63 represents a weighted average price. The price range of such transactions was $16.50 to $16.85. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.

F3: The Reporting Person sold 3,908 of these shares in order to pay income taxes relating to the exercise of stock options as more fully described in Footnote 1 above.

F4: The $16.21 represents a weighted average price. The price range of such transactions was $16.05 to $16.475. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.