Envela Corp — Director's Dealing 2014

Dec 11, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DGSE COMPANIES INC (DGSE)
CIK: 0000701719
Period of Report: 2014-12-10

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-10	Restricted Stock Units	$	A	75000	Acquired		Common Stock (75000)	Direct

Footnotes

F1: Each Restricted Stock Unit ("RSU") is convertible into one share of common stock, par value $0.01, of the Issuer (the "Common Stock") without additional payment 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 provides that as soon as practicable after the RSUs are vested, the Issuer will 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 grant was $102,000. No additional consideration was received by the Issuer as payment for the RSUs.