Sec Form 4 Filing - Schlarbaum Jeffrey T @ IEC ELECTRONICS CORP - 2019-04-18

Insider filing report for Changes in Beneficial Ownership
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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)
105 NORTON STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/18/2019
(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 04/18/2019 M 12,258 A $ 0 ( 1 ) 22,158 D
Common Stock 04/18/2019 F 5,277 ( 2 ) D $ 6.7 16,881 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
Restricted Stock Units ( 1 ) 04/18/2019 M 12,258 04/18/2019 04/18/2019 Common Stock 12,258 $ 0 0 D
Stock Option (Right to Buy) $ 4.1 ( 3 ) 03/20/2025 Common Stock 416,145 416,145 D
Restricted Stock Units ( 1 ) 03/16/2020 03/16/2020 Common Stock 17,015 17,015 D
Restricted Stock Units ( 4 ) 03/15/2021 03/15/2021 Common Stock 14,232 14,232 D
Restricted Stock Units ( 5 ) 05/03/2019 A 8,966 05/03/2022 05/03/2022 Common Stock 8,966 $ 0 8,966 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Schlarbaum Jeffrey T
105 NORTON STREET
NEWARK, NY14513
X President and CEO
Signatures
/s/ Jennifer M. Brown, Attorney-in-fact for Jeffrey T. Schlarbaum 05/07/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These restricted stock units each represent a contingent right to receive one share of common stock.
( 2 )Shares withheld to cover tax withholding obligations upon the vesting of restricted stock units.
( 3 )This option was previously reported by Mr. Schlarbaum and vests 25% on 3/20/16, 3/20/17, 3/20/18 and 3/20/19.
( 4 )These restricted stock units, which each represent a contingent right to receive one share of common stock, vest 100% on the third anniversary of the date of grant.
( 5 )These restricted stock units, which each represent a contingent right to receive one share of common stock, were granted in a transaction exempt under Rule 16b-3 and vest 100% on the third anniversary of the date of grant.

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).

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