Jack L. Howard - Jul 1, 2021 Form 4 Insider Report for Steel Connect, Inc. (STCN)

Role
Director, Other*
Signature
By: /s/ Maria Reda, as Attorney-in-Fact for Jack L. Howard
Stock symbol
STCN
Transactions as of
Jul 1, 2021
Transactions value $
$0
Form type
4
Date filed
7/6/2021, 05:37 PM
Next filing
Aug 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STCN Common Stock, $0.01 par value Award $0 +11.9K +0.64% $0.00 1.87M Jul 1, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. The reporting person disclaims beneficial ownership of the shares of Common Stock of the Issuer owned directly by the other members of the Section 13(d) group except to the extent of his pecuniary interest therein.
F2 Shares acquired are shares of restricted stock awarded pursuant to the Issuer's 2020 Stock Incentive Compensation Plan (the "Incentive Compensation Plan"). Except as otherwise provided in the Incentive Compensation Plan, the shares of restricted stock vest on July 1, 2022, provided that the reporting person remains a director of the Issuer on such vesting date.
F3 Includes 150,000 shares of restricted stock that will automatically vest, in their entirety, on the day the price of the Issuer's common stock shall have closed at or above $2.50 per share for any five consecutive business days after the grant date, subject to the reporting person's continuous service with the Issuer from the grant date through the vesting date.