FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Daseke, Inc. [ DSKE ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/20/2020 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction 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 |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) | 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: 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 | ||||||||
Option (Right to Buy) | $1.38 | 04/20/2020 | A | 652,200 | (1) | 04/20/2030 | Common Stock | 652,200 | $0.0000 | 652,200 | D | ||||
Performance Restricted Stock Unit | (2) | 04/20/2020 | A | V | 755,400 | (3) | (4) | Common Stock | 755,400 | $0.0000 | 755,400 | D |
Explanation of Responses: |
1. The option, representing the right to purchase a total of 652,200 shares of the Issuer's common stock, vests in three equal one-third installments on each of the first, second and third anniversaries of the date of grant, beginning on April 20, 2021. |
2. Each performance restricted stock unit ("PSU") represents a contingent right to receive one share of the Issuer's common stock. |
3. The awarded PSUs (the "Award") shall only be deemed fully vested when it has met both time- and performance-vesting conditions. The number of PSUs represent a target amount. The Award shall time-vest with respect to the total number of PSUs subject to the Award on April 20, 2023 (such three-year period following the grant date, the "Performance Period"). The Award shall performance-vest as follows: (i) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $4.00 for any 20 out of 30 consecutive trading days during the Performance Period, (ii) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $6.00 for any 20 out of 30 consecutive trading days during the Performance Period, and (iii) one-third of the Award will vest upon the Issuer's common stock price equaling or exceeding $9.00 for any 20 out of 30 consecutive trading days during the Performance Period. |
4. Not Applicable |
/s/ Soumit Roy, attorney-in-fact | 04/22/2020 | |
** 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 Number. |