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ONE STOP SYSTEMS, INC. — Director's Dealing 2018
Sep 25, 2018
34051_dirs_2018-09-25_acc5817c-7304-45da-ae3a-5aeac8bd83ff.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ONE STOP SYSTEMS, INC. (OSS)
CIK: 0001394056
Period of Report: 2018-09-24
Reporting Person: Morrison John W Jr. (Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-09-24 | Common Stock | M | 16667 | — | Acquired | 16667 | Direct |
| 2018-09-24 | Common Stock | F | 8290 | $3.63 | Disposed | 8377 | Direct |
| 2018-09-24 | Common Stock | M | 16667 | — | Acquired | 25044 | Direct |
| 2018-09-24 | Common Stock | F | 8290 | $3.63 | Disposed | 16754 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-09-24 | Restricted Stock Unit | $ | M | 16667 | Acquired | Common Stock (16667) | Direct | |
| 2018-09-24 | Restricted Stock Units | $ | M | 16667 | Acquired | Common Stock (16667) | Direct |
Footnotes
F1: Restricted stock units convert into common stock on a one-for-one basis.
F2: On April 11, 2018, the reporting person was granted 50,000 restricted stock units, vesting as follows: prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/3, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each quarter of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/12. This Restricted Stock Unit will be fully vested after three (3) years of service. The Initial Vesting Date shall be September 1, 2017 to coincide with Grantee's date of hire.
F3: On July 2, 2018, the reporting person was granted 50,000 restricted stock units, vesting as follows: prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/3, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each quarter of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/12. This Restricted Stock Unit will be fully vested after three (3) years of service. The Initial Vesting Date shall be September 1, 2017 to coincide with Grantee's date of hire.