Filing Details
- Accession Number:
- 0001144204-15-046922
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2015-08-06 16:20:48
- Reporting Period:
- 2015-08-05
- Filing Date:
- 2015-08-06
- Accepted Time:
- 2015-08-06 16:20:48
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
4187 | Industrial Services Of America Inc | IDSA | Sanitary Services (4950) | 590712746 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1175207 | Sean Garber | 4568 Melton Avenue Louisville KY US 40213 | President | Yes | Yes | Yes | No |
Reported Non-Derivative Transactions
Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|---|---|---|---|---|---|
Common Stock | Acquisiton | 2015-08-05 | 50,670 | $188,999.10 | 50,670 | No | 4 | P | Indirect | By Algar, Inc. |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | By Algar, Inc. |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock | Option (right to buy) | $5.40 | 2015-10-15 | 2019-10-15 | 30,000 | 30,000 | Direct |
Common Stock | Option (right to buy) | $5.00 | 2013-12-01 | 2016-12-01 | 1,500,000 | 1,500,000 | Indirect |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2019-10-15 | 30,000 | 30,000 | Direct |
2016-12-01 | 1,500,000 | 1,500,000 | Indirect |
Footnotes
- The Issuer entered into a Stock Purchase Agreement with Algar, Inc. on August 5, 2015. Under the Stock Purchase Agreement, the Issuer issued 50,670 shares of its common stock to Algar, Inc. in exchange for a reduction of $188,999.10 of the Issuer's accrued but unpaid bonus compensation due to Algar, Inc.
- The Reporting Person is Chief Executive Officer of and the controlling shareholder of Algar, Inc.
- On December 2, 2013, Algar, Inc. was issued an option to purchase 1,500,000 shares of Issuer common stock which becomes exercisable in four equal tranches. The first tranche was immediately exercisable; subject to certain additional requirements, generally, the second tranche becomes exercisable when the Issuer's stock consistently trades above $6.00 or the Issuer's revenues increase by $30 million following an acqusition, the third tranche becomes exercisable when the Issuer's stock consistently trades above $8.00 or the Issuer's revenues increase by $90 million following an acqusition, and the fourth tranche becomes exercisable when the Issuer's stock consistently trades above $9.00 or the Issuer's revenues increase by $120 million following an acqusition.