MICHAEL P. CONNORS - 01 Aug 2022 Form 4 Insider Report for Information Services Group Inc. (III)

Role: CHAIRMAN & CEO, Director, 10%+ Owner
Signature: /s/ Humberto P. Alfonso, Attorney-in-Fact
Issuer symbol: III
Transactions as of: 01 Aug 2022
Net transactions value: +$557,304
Form type: 4
Filing time: 03 Aug 2022, 17:10:59 UTC
Previous filing: 03 Jun 2022
Next filing: 06 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	III	Shares of Common Stock	Options Exercise	$1,819,621	+241,329	+4.3%	$7.54	5,865,945	01 Aug 2022	Direct
transaction	III	Shares of Common Stock	Tax liability	$161,002	-21,353	-0.36%	$7.54	5,844,592	01 Aug 2022	Direct	F1
transaction	III	Shares of Common Stock	Tax liability	$843,394	-111,856	-1.9%	$7.54	5,732,736	01 Aug 2022	Direct	F1
transaction	III	Shares of Common Stock	Tax liability	$257,921	-34,207	-0.6%	$7.54	5,698,529	01 Aug 2022	Direct	F1

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	Options Exercise	$0	-295,202	-100%	$0.000000^*	0	01 Aug 2022	Common Stock	241,329		Direct	F2

* 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. Each deemed disposition relates to a separate grant of restricted stock units.
F2	On August 1, 2019, the Reporting Person was granted RSUs that would be earned based on achievement of market price goals, which were measured as 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 would be earned if the measured market price was $6 and 100% of the RSUs would be earned if the measured market price was $8 or above, with straight-line interpolation of the number of earned RSUs if the measured market price was between $6 and $8. Based on the creation of more than $230 million in market value since the grant in August 2019, these performance shares vested at 82% of the maximum that could have been earned.

Content

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. Each deemed disposition relates to a separate grant of restricted stock units.

On August 1, 2019, the Reporting Person was granted RSUs that would be earned based on achievement of market price goals, which were measured as 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 would be earned if the measured market price was $6 and 100% of the RSUs would be earned if the measured market price was $8 or above, with straight-line interpolation of the number of earned RSUs if the measured market price was between $6 and $8. Based on the creation of more than $230 million in market value since the grant in August 2019, these performance shares vested at 82% of the maximum that could have been earned.