CareCloud, Inc. — Director's Dealing 2015

Nov 7, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MEDICAL TRANSCRIPTION BILLING, CORP (MTBC)
CIK: 0001582982
Period of Report: 2015-04-04

Reporting Person: SNYDER STEPHEN ANDREW (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-04-04	Common stock	M	33333	—	Acquired	33333	Direct
2015-04-04	Common stock	F	8333	$2.11	Disposed	25000	Direct
2015-11-04	Series A Cumulative Redeemable Perpetual Preferred Stock	P	800	$25	Acquired	800	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-04-04	Restricted stock unit	$0	M	33333	Disposed		Common Stock (33333)	Direct

Footnotes

F1: Represents the conversion upon vesting of restricted stock units into common stock on April 4, 2015. These restricted stock units were acquired under the Company's 2014 Equity Incentive Plan, without payment by the reporting person. The remainder of the restricted stock units vests equally on April 4, 2016 and April 4, 2017.

F2: Shares withheld by the issuer to satisfy the mandatory tax withholding requirements upon vesting of restricted stock units. This is not an open market sale of securities.

F3: The initial price of the Company's Series A, 11% Cumulative, Non-Convertible, Redeemable Perpetual Preferred Stock (the "Series A Preferred Stock") is $25.00 per share. The Series A Preferred Stock has no expiration date and is subject to all of the rights and obligations set forth in the Company's amended and restated certificate of incorporation, certificate of designations of the Series A Preferred Stock, and amended and restated bylaws.