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EPIQ Epiq Systems, Inc. (MM)

16.49
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Epiq Systems, Inc. (MM) NASDAQ:EPIQ NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 16.49 16.49 16.52 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

30/09/2016 10:39pm

Edgar (US Regulatory)


FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ROTHMAN JAYNE L.
2. Issuer Name and Ticker or Trading Symbol

EPIQ SYSTEMS INC [ EPIQ ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
SVP, GC, Secretary
(Last)          (First)          (Middle)

501 KANSAS AVE
3. Date of Earliest Transaction (MM/DD/YYYY)

9/30/2016
(Street)

KANSAS CITY, KS 66105
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   9/30/2016     A    23829   (1) A $0.00   56414   D    
Common Stock   9/30/2016     D    37000   (2) D $16.50   19414   D    
Common Stock   9/30/2016     D    19414   (3) D $16.50   0   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy)   $10.39   9/30/2016     D         3000      (4) 12/8/2016   Common Stock   3000   $6.11   0   D    
Non-Qualified Stock Option (right to buy)   $14.27   9/30/2016     D         25000      (5) 3/10/2018   Common Stock   10000   $2.23   0   D    
Non-Qualified Stock Option (right to buy)   $16.02   9/30/2016     D         15000      (6) 6/2/2019   Common Stock   15000   $0.48   0   D    

Explanation of Responses:
( 1)  Represents unvested performance restricted stock units (PRSUs) granted on January 28, 2016 that represented a contingent right to receive one share of common stock per PRSU. Pursuant to the Agreement and Plan of Merger, dated as of July 26, 2016, by and among Epiq Systems, Inc., Document Technologies, LLC and DTI Merger Sub, Inc. (the "Merger Agreement") and the applicable award agreement, these PRSUs became fully vested at the effective time of the merger.
( 2)  Pursuant to the Merger Agreement, these shares were canceled and converted into the right to receive $16.50 per share in cash, without interest and less any applicable withholding taxes (the "Merger Consideration").
( 3)  Pursuant to the Merger Agreement, these shares of unvested restricted stock became fully vested at the effective time of the merger and were canceled and converted into the right to receive the Merger Consideration.
( 4)  Represents an exercisable option, which vested in four equal annual installments commencing on December 8, 2008. The option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $6.11 per share subject to the option. This per share price represents the difference between the applicable exercise price of the option and the Merger Consideration.
( 5)  Represents an exercisable option, which vested in four equal annual installments commencing on March 10, 2010. The option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $2.23 per share subject to the option. This per share price represents the difference between the applicable exercise price of the option and the Merger Consideration.
( 6)  Represents an exercisable option, which vested in five equal annual installments commencing on June 2, 2012. The option was cancelled pursuant to the Merger Agreement in exchange for a cash payment of $0.48 per share subject to the option. This per share price represents the difference between the applicable exercise price of the option and the Merger Consideration.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ROTHMAN JAYNE L.
501 KANSAS AVE
KANSAS CITY, KS 66105


SVP, GC, Secretary

Signatures
/s/ Jayne L. Rothman 9/30/2016
** 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 4(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 control number.

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