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Filing Details

Accession Number:: 0001104659-18-069005
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-11-16 16:16:03
Reporting Period:: 2018-11-16

Accepted Time:: 2018-11-16 16:16:03
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1136294	Williams Industrial Services Group Inc.	WLMS	Heavy Construction Other Than Bldg Const - Contractors (1600)	731541378

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1184391	D Tracy Pagliara	C/O Williams Industrial Srvs Grp Inc. 100 Crescent Centre Pkwy Ste 1240 Tucker GA 30084	President And Ceo	Yes	Yes	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	Explanation
Common Stock, $0.01 Par Value Per Share	Acquisiton	2018-11-16	12,500	$2.09	307,559	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Performance-Based Restricted Stock Units	$0.00			73,000	73,000	Direct
Common Stock	Performance-Based Restricted Stock Units	$0.00			104,166	104,166	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	73,000	73,000	Direct
	104,166	104,166	Direct

Footnotes

Represents the weighted average purchase price of multiple transactions with a range of prices between $2.07 and $2.10. The reporting person hereby undertakes to provide, upon request by the U.S. Securities and Exchange Commission staff, the issuer or a stockholder of the issuer, full information regarding the number of shares purchased at each separate price.
Each performance-based restricted stock unit ("PRSU") represents a contingent right to receive one share of common stock of Williams Industrial Services Group Inc. (the "Company"). The applicable performance goal will be satisfied if the Company's common stock achieves a specified per share market price for any period of 30 consecutive trading days prior to August 5, 2021 (the "2016 performance goal"). As of the date hereof, the 2016 performance goal has not been achieved. The PRSUs were to generally vest in two equal installments on March 30, 2017 and March 30, 2018 if the 2016 performance goal had been met by such date, and PRSUs remain subject to continued employment through the vesting date. If the Company has not achieved the performance goal by August 5, 2021, all unvested PRSUs will be forfeited.
Each PRSU represents a contingent right to receive one share of the Company's common stock. The applicable performance goal will be satisfied if the Company's common stock achieves a specified per share market price for any period of 30 consecutive trading days prior to June 30, 2021 (the "2018 performance goal"). The PRSUs generally vest in three equal installments on March 31 of each of 2019, 2020 and 2021, respectively, provided that the 2018 performance goal has been met by such date (and, if not, through the date the 2018 performance goal is subsequently achieved), and are subject to continued employment through the vesting date. If the Company has not achieved the performance goal by June 30, 2021, all unvested PRSUs will be forfeited.