Filing Details

Accession Number:
0001144204-15-046927
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-08-06 16:23:19
Reporting Period:
2015-08-05
Filing Date:
2015-08-06
Accepted Time:
2015-08-06 16:23:19
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
1593722 Algar, Inc. 7301 Grade Lane
Louisville KY US 40219
No No 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 Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Option (right to buy) $5.00 2013-12-01 2016-12-01 1,500,000 1,500,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2016-12-01 1,500,000 1,500,000 Direct
Footnotes
  1. The Issuer entered into a Stock Purchase 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.
  2. 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.