Envela Corp — Director's Dealing 2015

Nov 5, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: DGSE COMPANIES INC (DGSE)
CIK: 0000701719
Period of Report: 2015-11-05

Reporting Person: LOPEZ NABIL J. (Director, Chief Financial Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (1000)		Direct

Footnotes

F1: One half (or 1,000) of the Restricted Stock Units ("RSU") have vested and been issued pursuant to the terms of the Restricted Stock Unit Award Agreement, dated January 23, 2014, between the Issuer and the Reporting Person (the "RSU Award Agreement"). The remaining half of the RSUs vest and will be exercisable on each subsequent anniversary of the date of grant until 100 percent of the RSU's have vested, subject to the Reporting Person's continued status as an employee on each such date and other terms and conditions of set forth in the RSU Award Agreement.

F2: Upon termination of service of the Reporting Person to the Issuer (the "Common Stock"), other than by reason of death or disability, any RSUs that have not vested will be forfeited and the award of such units shall terminate.

F3: Each RSU is convertible into one share of common stock, par value $0.01, of the Common Stock without additional payment pursuant to the RSU Award Agreement.