Envela Corp — Director's Dealing 2014

Dec 22, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DGSE COMPANIES INC (DGSE)
CIK: 0000701719
Period of Report: 2014-12-18

Reporting Person: Clem James D (Director, CEO, Chairman of the Board)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-18	Common Stock	M	75000	—	Acquired	129175	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-18	Restricted Stock Units	$	M	75000	Disposed		Common Stock (75000)	Direct

Footnotes

F1: Each vested Restricted Stock Unit ("RSU") was converted into one share of common stock, par value $0.01, of the Issuer (the "Common Stock") without additional payment (other than such conversion and reduction in the number of RSUs held) pursuant to the terms of the Restricted Stock Unit Award Agreement, dated December 10, 2014, between the Issuer and the Reporting Person (the "RSU Award Agreement").

F2: The RSU Award Agreement provided that as soon as practicable after the RSUs vested, the Issuer would settle the RSUs by granting one share of Common Stock for each RSU.

F3: The Issuer elected to award the RSUs as consideration for services rendered to the Issuer (the "Consideration") and to encourage the continuation of such services in connection with the Reporting Person's employment with the Issuer. The value of the Consideration on the date of issue was $86,250. No additional consideration was received by the Issuer as payment for the RSUs.