0001144204-15-036689.txt : 20150611 0001144204-15-036689.hdr.sgml : 20150611 20150611150635 ACCESSION NUMBER: 0001144204-15-036689 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150611 FILED AS OF DATE: 20150611 DATE AS OF CHANGE: 20150611 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: DGSE COMPANIES INC CENTRAL INDEX KEY: 0000701719 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-JEWELRY STORES [5944] IRS NUMBER: 880097334 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 15850 DALLAS PARKWAY STREET 2: SUITE 140 CITY: DALLAS STATE: TX ZIP: 75248 BUSINESS PHONE: 9725874049 MAIL ADDRESS: STREET 1: 15850 DALLAS PARKWAY STREET 2: SUITE 140 CITY: DALLAS STATE: TX ZIP: 75248 FORMER COMPANY: FORMER CONFORMED NAME: DALLAS GOLD & SILVER EXCHANGE INC /NV/ DATE OF NAME CHANGE: 19930114 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN PACIFIC MINT INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CANYON STATE CORP DATE OF NAME CHANGE: 19860819 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: RECTOR DAVID CENTRAL INDEX KEY: 0001167113 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11048 FILM NUMBER: 15925796 4 1 v412980_4.xml OWNERSHIP DOCUMENT X0306 4 2015-06-11 0 0000701719 DGSE COMPANIES INC DGSE 0001167113 RECTOR DAVID 15850 DALLAS PARKWAY, SUITE 140 DALLAS TX 75248 1 0 0 0 Common Stock 2015-06-11 4 M 0 14200 A 28350 D Restricted Stock Units 2015-06-11 4 M 0 14200 D 2015-06-09 Common Stock 14200 0 D Each Restricted Stock Unit ("RSU") was convertible into one share of common stock, par value $0.01, of the Issuer (the "Common Stock") without additional payment pursuant to the terms of the Restricted Stock Unit Award Agreement, dated September 17, 2014, between the Issuer and the Reporting Person (the "RSU Award Agreement"). The RSUs reported hereunder were to vest as to 100 percent of the RSUs on the earlier of: (i) the one year anniversary of the grant date, or (ii) the day prior to the next Annual Meeting of the Stockholders of DGSE Companies, Inc., subject to the Reporting Person's continued status as a Director through such dates. DGSE Companies, Inc, held its Annual Meeting of Stockholders on June 10, 2015, triggering a vesting date of June 9, 2015 for the RSUs reported hereunder. Upon termination of service of the Reporting Person to the Issuer, other than by reason of death or disability, any Restricted Stock Units that have not vested will be forfeited and the award of such units shall terminate. All RSUs reported hereunder have now vested, and are no longer subject to expiration. The Issuer elected to award the RSUs as consideration for services rendered to the Issuer (the "Consideration") and to encourage the continuation of such services in connection with the Reporting Person's services to the Issuer. The value of the Consideration on the date of grant was $20,022. The value of the Consideration as of vesting and issuance was $4,544. No additional consideration was received by the Issuer as payment for the RSUs. /s/ David S. Rector 2015-06-11