Information Services Group Inc. — Director's Dealing 2021

Jan 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Information Services Group Inc. (III)
CIK: 0001371489
Period of Report: 2021-01-15

Reporting Person: CONNORS MICHAEL P (Director, Chairman & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-15	Cash-Settled stock appreciation right	$3.608	M	500000	Disposed	2023-12-31	Cash (0)	Direct

Footnotes

F1: Pursuant to the amendment of Michael Connors' employment agreement dated December 30, 2020, a cash bonus was awarded with vesting of the award subject to the Company's stock price increasing by at least 10% at any time as compared to closing price for the Company's stock on December 31, 2020 ($3.28) with such 10% performance threshold being measured based on the average closing share price for ten consecutive trading days. On January 15, 2021, such performance threshold was satisfied, and therefore, a cash payment of $500,000, less applicable withholding taxes, will be made to the Reporting Person on December 31, 2021, assuming continued employment with the Issuer through such date.