X0306 4 2016-06-15 0 0000004187 INDUSTRIAL SERVICES OF AMERICA INC IDSA 0001629311 Phillips Todd L. 7100 GRADE LANE BUILDING 1 LOUISVILLE KY 40213 0 1 0 0 Chief Financial Officer Common Stock 27545 D Restricted Stock Units 2016-06-15 4 A 0 90000 0 A Common Stock 90000 90000 D Stock Option (Right to Buy) 5.97 2016-06-15 4 D 0 150000 D 2019-12-31 Common Stock 150000 0 D Stock Option (Rigth to Buy) 5.71 2016-06-15 4 D 0 20000 D 2020-01-02 Common Stock 20000 0 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of the issuer's common stock. The RSUs vest as follows if the reporting person remains employed by the issuer through each of the following dates: (i) on 7/1/2016; 45,000 RSUs vest; (ii) on 12/31/2016, 11,250 RSUs vest; (iii) on 6/30/2017, 11,250 RSUs vest; (iv) on 12/31/2017, 11,250 RSUs vest; (iv) on 6/30/2018, 11,250 RSUs vest. On 6/15/2016, the issuer canceled pursuant to a one-time option exchange approved by the issuer's shareholders, an option for 150,000 shares of the issuer's common stock granted to the reporting person on 12/31/2014 and an option for 20,000 shares of the issuer's common stock granted to the reporting person on 1/2/2015. In exchange, the reporting person received 90,000 RSUs. Todd L. Phillips 2016-06-16