SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Knerr Steven Winfield

(Last)

(First)

(Middle)

500 PERIMETER PARK DRIVE

SUITE D

(Street)

MORRISVILLE

27560

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/19/2015

3. Issuer Name and Ticker or Trading Symbol
ISSUER DIRECT CORP [ ISDR ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Options to Purchase Common Stock	10/01/2013	09/27/2023	Common Stock	20,000⁽¹⁾	$7.76	D
Restricted Stock Unit	04/01/2016	⁽³⁾	Common Stock	10,000⁽²⁾	$0	D
Options to Purchase Common Stock	11/19/2015	11/19/2025	Common Stock	10,000⁽⁴⁾	$6.8	D

Explanation of Responses:

1. These options vest as follows: 1/16 in equal quarterly installments over a 4 year period beginning on October 1, 2013. The Reporting Person must be an employee of the Company as of each vesting date.

2. The restricted stock unit vests as follows: (i) 5,000 shares on April 1, 2016 and (ii) 5,000 shares on April 1, 2017. The Reporting Person must be an employee of the Company as of each vesting date.

3. N/A

4. These options vest as follows: (i) 25% on November 19, 2016 and (ii) the remaining 75% in twelve successive equal installments at the end of each calendar quarter thereafter for the subsequent 3 year period. The Reporting Person must be an employee of the Company as of each vesting date.

	/s/Steven Knerr	11/19/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.