0001209191-20-038805.txt : 20200625
0001209191-20-038805.hdr.sgml : 20200625
20200625102347
ACCESSION NUMBER: 0001209191-20-038805
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200624
FILED AS OF DATE: 20200625
DATE AS OF CHANGE: 20200625
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RAUN DAVID
CENTRAL INDEX KEY: 0001219078
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38371
FILM NUMBER: 20987440
MAIL ADDRESS:
STREET 1: 870 MAUDE AVENUE
CITY: SUNNVALE
STATE: CA
ZIP: 94085
FORMER NAME:
FORMER CONFORMED NAME: RAUN DAVID K
DATE OF NAME CHANGE: 20030214
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: ONE STOP SYSTEMS, INC.
CENTRAL INDEX KEY: 0001394056
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPUTERS [3571]
IRS NUMBER: 330885351
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2235 ENTERPRISE ST STE 110
CITY: ESCONDIDO
STATE: CA
ZIP: 92029
BUSINESS PHONE: 760-745-9883
MAIL ADDRESS:
STREET 1: 2235 ENTERPRISE ST STE 110
CITY: ESCONDIDO
STATE: CA
ZIP: 92029
FORMER COMPANY:
FORMER CONFORMED NAME: ONE STOP SYSTEMS INC
DATE OF NAME CHANGE: 20070322
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-06-24
0
0001394056
ONE STOP SYSTEMS, INC.
OSS
0001219078
RAUN DAVID
2235 ENTERPRISE STREET #110
ESCONDIDO
CA
92029
1
1
0
0
President and CEO
Restricted Stock Unit
2020-06-24
4
A
0
412125
0.00
A
Common Stock
412125
412125
D
Employee Stock Option (right to buy)
2.14
2020-06-24
4
A
0
412125
0.00
A
2030-06-23
Common Stock
412125
412125
D
Each Restricted Stock Unit represents a contingent right to receive one share of OSS common stock. The closing price of OSS on June 23, 2020 was $2.14.
The Restricted Stock Units (RSUs) shall vest over three (3) years, with 1/3 of the RSUs vesting following the one-year anniversary of the date of grant, and the remaining RSUs shall vest in four (4) equal installments, commencing six (6) months after the one-year anniversary of the date of grant and every six (6) months thereafter until fully vested, provided that grantee is still employed on each such vesting date.
The options shall vest based on increases of the Company's stock price during six-month periods, which periods end at the end of the second and fourth fiscal quarters. After the Company reports second and fourth fiscal quarter earnings, 29,438 options shall vest if the Company's stock price has increased $0.25 per share over the price at the end of the prior 6-month period. If the stock price increases more or less than $0.25 per share, the number of options that shall vest shall be proportionate to the stock price increase to $0.25. The stock price on the date of grant is the floor for the initial period. The price at the end of each 6-month period (which shall be used as the floor for the subsequent 6-month period) shall be determined using ten-day trailing volume weighted average price (VWAP) after reporting second and fourth fiscal quarter earnings.
/s/ David Raun
2020-06-25