0001209191-20-035938.txt : 20200611
0001209191-20-035938.hdr.sgml : 20200611
20200611163146
ACCESSION NUMBER: 0001209191-20-035938
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200610
FILED AS OF DATE: 20200611
DATE AS OF CHANGE: 20200611
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Morrison John W Jr.
CENTRAL INDEX KEY: 0001729697
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38371
FILM NUMBER: 20957525
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
2020-06-10
0
0001394056
ONE STOP SYSTEMS, INC.
OSS
0001729697
Morrison John W Jr.
2235 ENTERPRISE STREET #110
ESCONDIDO
CA
92029
0
1
0
0
Chief Financial Officer
Common Stock
2020-06-10
4
F
0
5013
1.92
A
51166
D
Common Stock
2020-06-10
4
F
0
5013
1.92
A
56179
D
Restricted Stock Unit
2020-06-10
4
M
0
8334
0.00
D
Common Stock
8334
4164
D
Restricted Stock Unit
2020-06-10
4
M
0
8334
0.00
D
Common Stock
8334
4164
D
Represents a "net stock issuance" of vested and outstanding Restricted Stock Units. The reporting person received 5,013 shares of common stock on the net stock issuance of 8,334 shares of common stock. The reporting person forfeited 3,321 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the closing stock price on June 9, 2020 of $1.92.
Restricted stock units convert into common stock on a one-for-one basis.
On April 11, 2018, the reporting person was granted 50,000 restricted stock units, vesting as follows: prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/3, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each quarter of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/12. This Restricted Stock Unit will be fully vested after three (3) years of service. The Initial Vesting Date shall be September 1, 2017 to coincide with Grantee's date of hire.
On July 2, 2018, the reporting person was granted 50,000 restricted stock units, vesting as follows: prior to the Initial Vesting Date, the Vested Ratio shall be zero. On the Initial Vesting Date, the Vested Ratio shall be 1/3, provided the Grantee's service has not been terminated prior to the Initial Vesting Date. For each quarter of Grantee service from the Initial Vesting Date until the Vested Ratio equals 1/1, the Vested Ratio shall be increased by 1/12. This Restricted Stock Unit will be fully vested after three (3) years of service. The Initial Vesting Date shall be September 1, 2017 to coincide with Grantee's date of hire.
/s/ John Morrison
2020-06-11