Form Type: 4

SEC EDGAR Link
Accession Number:0000921895-20-001605
Date:2020-05-21
Issuer: IMAC HOLDINGS, INC. (IMAC)
Original Submission Date:

Reporting Person:

ERVIN JEFFREY S
C/O IMAC HOLDINGS, INC.
1605 WESTGATE CIRCLE BRENTWOOD, TN 37027

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-05-21 M 37,500 a $0.00 301,400 direct
COMMON STOCK 2020-05-21 F 10,000 d $1.61 291,400 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
TIME-BASED RESTRICTED STOCK UNITS 0.0 2020-05-21 deemed execution date M 37,500 (d) common stock 37,500 $0.00 112,500 direct
Footnotes
IDfootnote
f1 represents time-based restricted stock units ("rsus") awarded by the issuer on may 21, 2019, and vest over a period of four years in four equal annual installments, with 37,500 shares vesting on each of may 21, 2020, may 21, 2021, may 21, 2022 and may 21, 2023, and with full acceleration of vesting upon a change of control of the issuer, in accordance with the terms of the issuer's 2019 incentive compensation plan and the form of restricted stock unit agreement with respect to such award. this vesting information corrects the vesting information previously filed in the reporting person's form 4 filed on june 26, 2019.
f2 represents number of shares withheld by the issuer for the payment of taxes. no shares of common stock were sold by the reporting person in connection with this transaction. the reporting person will retain the net number of shares issued upon the settlement of the rsus.
f3 closing market price of the issuer's common stock on the transaction date.
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