0001181431-12-052113.txt : 20120926 0001181431-12-052113.hdr.sgml : 20120926 20120926161043 ACCESSION NUMBER: 0001181431-12-052113 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120924 FILED AS OF DATE: 20120926 DATE AS OF CHANGE: 20120926 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: SATTERLEE W BRYAN CENTRAL INDEX KEY: 0001032028 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-22081 FILM NUMBER: 121111170 BUSINESS ADDRESS: BUSINESS PHONE: 9133216392 MAIL ADDRESS: STREET 1: ELECTRONIC PROCESSING INC STREET 2: 501 KANSAS AVENUE CITY: KANSAS CITY STATE: KS ZIP: 66105 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: EPIQ SYSTEMS INC CENTRAL INDEX KEY: 0001027207 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371] IRS NUMBER: 481056429 STATE OF INCORPORATION: MO FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 501 KANSAS AVENUE CITY: KANSAS CITY STATE: KS ZIP: 66105-1309 BUSINESS PHONE: 9136219500 MAIL ADDRESS: STREET 1: 501 KANSAS AVENUE CITY: KANSAS CITY STATE: KS ZIP: 66105-1309 FORMER COMPANY: FORMER CONFORMED NAME: ELECTRONIC PROCESSING INC DATE OF NAME CHANGE: 19961116 4 1 rrd356815.xml SWAP OPTION EXERCISE SEPTEMBER 2012 X0306 4 2012-09-24 0 0001027207 EPIQ SYSTEMS INC EPIQ 0001032028 SATTERLEE W BRYAN 501 KANSAS AVE. KANSAS CITY KS 66105 1 0 0 0 Common Stock 2012-09-24 4 M 0 7500 11.33 A 27500 D Common Stock 2012-09-24 4 F 0 6261 13.57 D 21239 D NonQualified Stock Option (right to buy) 11.33 2012-09-24 4 M 0 7500 0 D 2004-01-17 2013-01-17 Common Stock 7500 0 D The stock option grant was set to expire on January 17, 2013. The stock option was exercised using a Cashless Net Share Settlement in accordance with the terms of the Issuer's 1995 Equity Incentive Plan. A Cashless Net Share Settlement results in the reporting person holding shares upon exercise of the stock option and obligates them to surrender a portion of the shares received upon exercise of the stock option in order to satisfy the aggregate exercise price obligation. This component of the Cashless Net Share Settlement reflects the shares that the reporting person was obligated to surrender to the Issuer to pay for the aggregate exercise price for the shares acquired on September 24, 2012. Common Stock of 21,239 shown in Table I above excludes options of 95,000 (prior Form 4 reports included options in Table I). Total amount of common stock and options is 116,239. The options became exercisable in five equal annual installments, commencing one year after the date of grant. /s/ W. Bryan Satterlee 2012-09-26