Sec Form 4 Filing - Schlarbaum Jeffrey T @ IEC ELECTRONICS CORP - 2021-10-05

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Schlarbaum Jeffrey T 2. Issuer Name and Ticker or Trading Symbol IEC ELECTRONICS CORP [ IEC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President and CEO (Last) (First) (Middle) C/O IEC ELECTRONICS CORP., 328 SILVER HILL ROAD 3. Date of Earliest Transaction (MM/DD/YY) 10/05/2021 (Street) NEWARK, NY14513 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Common Stock 10/05/2021 U 92,996 D 0 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 Stock Option (Right to Buy) $ 4.1 ( 2 ) 10/05/2021 D 416,145 ( 2 ) ( 2 ) Common Stock 416,145 $ 11.25 ( 2 ) 0 D Restricted Stock Unit $ 0 ( 3 ) 10/05/2021 D 8,966 ( 3 ) ( 3 ) Common Stock 8,966 ( 3 ) 0 D Restricted Stock Unit $ 0 ( 3 ) 10/05/2021 D 7,191 ( 3 ) ( 3 ) Common Stock 7,191 ( 3 ) 0 D Restricted Stock Unit $ 0 ( 3 ) 10/05/2021 D 5,424 ( 3 ) ( 3 ) Common Stock 5,424 ( 3 ) 0 D Performance Restricted Stock Unit $ 0 ( 4 ) 10/05/2021 D 53,793 ( 4 ) ( 4 ) Common Stock 53,793 ( 4 ) 0 D Performance Restricted Stock Unit $ 0 ( 4 ) 10/05/2021 D 35,953 ( 4 ) ( 4 ) Common Stock 35,953 ( 4 ) 0 D Performance Restricted Stock Unit $ 0 ( 4 ) 10/05/2021 D 21,694 ( 4 ) ( 4 ) Common Stock 21,694 ( 4 ) 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Schlarbaum Jeffrey T C/O IEC ELECTRONICS CORP. 328 SILVER HILL ROAD NEWARK, NY14513 X President and CEO Signatures Jeffrey T. Schlarbaum 10/05/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Disposed of pursuant to the closing, on October 5, 2021, of a cash tender offer by Creation Technologies International Inc. ("Parent"), and its wholly-owned subsidiary, CTI Acquisition Corp. ("Merger Sub"), pursuant to which each outstanding share of the common stock of the Issuer was converted into the right to receive $15.35 per share, less any required withholding taxes. ( 2 )Upon consummation of the tender offer, each option was cancelled and converted into the right to receive the difference between $15.35 and the exercise price per share of the option, less any required withholding taxes. ( 3 )Upon consummation of the tender offer, each restricted stock unit fully vested and was cancelled and converted automatically into the right to receive $15.35 per share underlying the restricted stock unit, less any required withholding taxes. ( 4 )Performance Restricted Stock Units ("PSUs") that vested in connection with the tender offer were cancelled and converted into the right to receive $15.35 per share underlying the PSU, less any required withholding taxes.

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).

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