0001181431-12-063579.txt : 20121211
0001181431-12-063579.hdr.sgml : 20121211
20121211071714
ACCESSION NUMBER: 0001181431-12-063579
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20121207
FILED AS OF DATE: 20121211
DATE AS OF CHANGE: 20121211
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: OLOFSON CHRISTOPHER E
CENTRAL INDEX KEY: 0001032025
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-22081
FILM NUMBER: 121254901
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
rrd362895.xml
DECEMBER 2012 SWAP OPTION EXERCISE
X0306
4
2012-12-07
0
0001027207
EPIQ SYSTEMS INC
EPIQ
0001032025
OLOFSON CHRISTOPHER E
501 KANSAS AVE.
KANSAS CITY
KS
66105
1
1
0
0
President & COO
Common Stock
2012-12-07
4
M
0
112500
11.33
A
739841
D
Common Stock
2012-12-07
4
F
0
104821
12.16
D
635020
D
Common Stock
2012-12-07
4
F
0
3183
12.16
D
631837
D
NonQualified Stock Options (right to buy)
11.33
2012-12-07
4
M
0
112500
0
D
2003-04-17
2013-01-17
Common Stock
112500
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 Settlmenet 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 and the relatred payroll withholding tax obligation.
This component of the Cashless Net Share Settlment 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 December 7, 2012.
The component of the Cashless Net Share Settlement represents surrendered shares to fund payroll taxes due by the reporting person in connection with the option exercised on December 7, 2012.
Common stock of 631,837 (including 150,000 shares of restricted stock) shown in Table I above excludes options of 1,217,500. Total amount of common stock and options is 1,849,337.
The stock options became fully exercisable three months after the January 17, 2003 grant date.
/s/ Christopher E. Olofson
2012-12-10