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Filing Details

Accession Number:: 0001654954-18-002415
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-03-12 16:05:30
Reporting Period:: 2018-03-08

Accepted Time:: 2018-03-12 16:05:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
843006	Issuer Direct Corp	ISDR	Commercial Printing (2750)	261331503

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1323310	H William Everett	C/O Issuer Direct Corp. 500 Perimeter Park Drive, Suite D Morrisville NC 27560		No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2018-03-08	19,779	$7.76	41,112	No	4	M	Direct
Common Stock	Disposition	2018-03-08	9,227	$16.63	31,885	No	4	S	Direct
Common Stock	Acquisiton	2018-03-09	221	$7.76	32,106	No	4	M	Direct
Common Stock	Disposition	2018-03-09	4,012	$16.21	28,094	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Options to Purchase Common Stock	Disposition	2018-03-08	19,779	$0.00	19,779	$7.76
Common Stock	Options to Purchase Common Stock	Disposition	2018-03-09	221	$0.00	221	$7.76

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
221	2015-10-02	2018-10-02	No	4	M	Direct
0	2015-10-02	2018-10-02	No	4	M	Direct

Footnotes

This Form 4 is being filed to report the exercise of a non-statutory stock option for a total of 20,000 shares of Common Stock, with 19,779 shares being acquired on March 8, 2018 and 221 shares being acquired on March 9, 2018. The stock option was initially granted to the Reporting Person on October 2, 2013 for an aggregate of 40,000 shares of Common Stock at an exercise price of $7.76 per share (the "Initial Option"). Simultaneously with the exercise of the stock option, the Reporting Person sold (i) 9,227 shares of Common Stock on March 8, 2018 in the open market at a weighted average price of $16.63 per share in order to pay for option exercise price of $153,485 and (ii) 104 shares of Common Stock on March 9, 2018 in the open market at a weighted average price of $16.47 per share in order to pay for option exercise price of $1,715. As a result of these transactions, the Reporting Person, on a net basis, acquired ownership of 10,661 shares of Common Stock. The Reporting Person no longer has any shares of Common Stock exercisable under the Initial Option.
The $16.63 represents a weighted average price. The price range of such transactions was $16.50 to $16.85. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.
The Reporting Person sold 3,908 of these shares in order to pay income taxes relating to the exercise of stock options as more fully described in Footnote 1 above.
The $16.21 represents a weighted average price. The price range of such transactions was $16.05 to $16.475. The Reporting Person undertakes to provide upon request by the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.