0001209191-20-050748.txt : 20200916 0001209191-20-050748.hdr.sgml : 20200916 20200916174858 ACCESSION NUMBER: 0001209191-20-050748 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200915 FILED AS OF DATE: 20200916 DATE AS OF CHANGE: 20200916 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: 201179602 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 2020-09-15 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 2020-09-15 4 F 0 3123 2.30 A 63314 D Common Stock 2020-09-15 4 F 0 3123 2.30 A 66437 D Restricted Stock Unit 2020-09-15 4 M 0 4164 0.00 D Common Stock 4164 0 D Restricted Stock Unit 2020-09-15 4 M 0 4164 0.00 D Common Stock 4164 0 D Represents a "net stock issuance" of vested and outstanding Restricted Stock Units. The reporting person received 3,123 shares of common stock on the net stock issuance of 4,164 shares of common stock. The reporting person forfeited 1,041 shares of common stock underlying the vested and outstanding Restricted Stock Units to cover tax withholdings, using the closing stock price on September 14, 2020 of $2.30. 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 W Morrison Jr. 2020-09-16