Michael P. Connors - Jun 1, 2021 Form 4 Insider Report for Information Services Group Inc. (III)

Role: Chairman & CEO, Director
Signature: David E. Berger, as attorney-in-fact
Stock symbol: III
Transactions as of: Jun 1, 2021
Transactions value $: $568,182
Form type: 4
Date filed: 6/3/2021, 05:10 PM
Previous filing: May 24, 2021
Next filing: Aug 3, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	III	Shares of Common Stock	Tax liability	-$132K	-22.3K	-0.4%	$5.90	5.49M	Jun 1, 2021	Direct	F1
transaction	III	Shares of Common Stock	Award	$700K	+119K	+2.16%	$5.90	5.61M	Jun 1, 2021	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	III	Performance Based RSUs	Award	$0	+203K		$0.00	203K	Jun 1, 2021	Common Stock	203K		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents deemed disposition of shares of common stock to the Issuer as a result of withholding of shares of common stock to satisfy tax withholding obligations in connection with vesting of restricted stock units issued in accordance with Rule 16b-3.
F2	Represents restricted stock units (RSUs) granted to the reporting person pursuant to the Information Services Group, Inc. Amended and Restated 2007 Equity and Incentive Award Plan, which will vest in 4 equal installments on each of the first, second, third and fourth anniversaries of June 1, 2021
F3	Represents a grant of RSUs that may be earned based on achievement of market price goals, which will be measured at the average closing price of the Issuer's common stock over the ten-trading-day period prior to and including the third anniversary of the date of grant. 50% of the number of RSUs reported above will be earned if the measured market price is between $5.25 and $6.00 and 100% of the RSUs will be earned if the measured market price is $7.50 or above, with straight-line interpolation of the number of earned RSUs if the measured market price is between $6 and $7.50. Unearned RSUs will be canceled. Market price goals are subject to adjustment for stock splits and certain other corporate events. The Compensation Committee determined the share price targets in December 2020 based upon the year-end 2020 share price. The targets established represent a 60% share price increase from the year-end share price. Once determined, any such earned RSUs will be fully vested.