0001209191-19-046891.txt : 20190820
0001209191-19-046891.hdr.sgml : 20190820
20190820185420
ACCESSION NUMBER: 0001209191-19-046891
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190816
FILED AS OF DATE: 20190820
DATE AS OF CHANGE: 20190820
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Ison Jim
CENTRAL INDEX KEY: 0001729652
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38371
FILM NUMBER: 191041006
MAIL ADDRESS:
STREET 1: 2235 ENTERPRISE STREET STE 110
CITY: ESCONDIDO
STATE: CA
ZIP: 92029
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
2019-08-16
0
0001394056
ONE STOP SYSTEMS, INC.
OSS
0001729652
Ison Jim
2235 ENTERPRISE STREET #110
ESCONDIDO
CA
92029
0
1
0
0
VP of Sales and Marketing
Common Stock
2019-08-16
4
F
0
1485
1.65
A
7874
D
Common Stock
2019-08-16
4
F
0
763
1.65
A
8637
D
Restricted Stock Unit
2019-08-16
4
M
0
1667
0.00
D
Common Stock
1667
8333
D
Restricted Stock Unit
2019-08-16
4
M
0
833
0.00
D
Common Stock
833
5835
D
Represents a "net stock issuance" of vested and outstanding Restricted Stock Units. The reporting person received 1,485 shares of common stock on the net stock issuance of 1,667 shares of common stock. The reporting person forfeited 182 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the closing stock price on August 16, 2019 of $1.65.
Represents a "net stock issuance" of vested and outstanding Restricted Stock Units. The reporting person received 763 shares of common stock on the net stock issuance of 833 shares of common stock. The reporting person forfeited 70 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the closing stock price on August 16, 2019 of $1.65.
Restricted stock units convert into common stock on a one-for-one basis.
Prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/6, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each six month period of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/6. This Restricted Stock Unit will be fully vested after three (3) years of service. The Initial Vesting Date shall be six months following the Date of Restricted Stock Unit Grant.
On April 11, 2018, the reporting person was granted 10,000 restricted stock units, vesting in twelve equal quarterly installments beginning the first quarter after the grant date.
/s/Jim Ison
2019-08-19