Todd D. Lavieri - 01 Jun 2022 Form 4 Insider Report for Information Services Group Inc. (III)

Role
VICE CHAIRMAN
Signature
/s/ Humberto P. Alfonso, Attorney-in-Fact
Issuer symbol
III
Transactions as of
01 Jun 2022
Net transactions value
+$270,215
Form type
4
Filing time
03 Jun 2022, 16:54:56 UTC
Previous filing
17 Mar 2022
Next filing
03 Aug 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction III Shares of Common Stock Award $356,249 +53,814 +6.1% $6.62 933,252 01 Jun 2022 Direct F1, F2
transaction III Shares of Common Stock Tax liability $86,034 -12,996 -1.4% $6.62 920,256 01 Jun 2022 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction III Performance Based RSUs Award $0 +17,938 $0.000000 17,938 01 Jun 2022 Common Stock 17,938 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted stock units (RSUs)granted to the reporting person pursuant to the Information Services Group, Inc. Amended and Restated 2007 Equity and Incentive Award Plan, which will vest in 4 equal installments on each of the first, second, third and fourth anniversaries of June 1, 2022.
F2 Includes 530 shares acquired under the Information Services Group, Inc. Amended and Restated 2007 Employee Stock Purchase Plan.
F3 Represents deemed disposition of shares of common stock to the Issuer as a result of withholding of shares of common stock to satisfy tax withholding obligations in connection with vesting of restricted stock units issued in accordance with Rule 16b-3.
F4 Award will vest based on the achievement of market price goals, which will be measured as the average closing price of ISGs common stock over any ten consecutive trading day period beginning with the first anniversary of the award. 100% of the number of RSUs will be earned if the measured market price is $9.00 or above. If this measured market price is not achieved by the fourth anniversary of the award, these RSUs will be forfeited.