Envela Corp — Director's Dealing 2016

Mar 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DGSE COMPANIES INC (DGSE)
CIK: 0000701719
Period of Report: 2016-03-24

Reporting Person: Scrudder J Marcus (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-24	Restricted Stock Units	$	A	40680	Acquired		Common Stock (40680)	Direct

Footnotes

F1: Each vested Restricted Stock Unit ("RSU") is convertible into one share of common stock, par value $0.01, of the Issuer (the "Common Stock") without additional consideration (other than such conversion and reduction in the number of RSUs held) pursuant to the terms of the Restricted Stock Unit Award Agreement, dated March 24, 2016, between the Issuer and the Reporting Person.

F2: One-fourth (or 10,170) of the RSUs reported hereunder vest and are exercisable as of March 31, 2016 and the remaining RSUs will vest ratably and will be exercisable at the end of every quarter (June 30, September 30 and December 31) during 2016, subject to the Reporting Person's continued status as a Director on each such date and other terms and conditions of set forth in the RSU Award Agreement.

F3: Upon termination of service of the Reporting Person to the Issuer, 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.

F4: 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 services with the Issuer. The value of the Consideration on the date of grant was $22,374. No additional consideration was received by the Issuer as payment for the RSUs.