Sec Form 4 Filing - Galleher J. Patrick @ ISSUER DIRECT CORP - 2018-05-31

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 Galleher J. Patrick 2. Issuer Name and Ticker or Trading Symbol ISSUER DIRECT CORP [ ISDR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O ISSUER DIRECT CORP, 500 PERIMETER PARK DR., SUITE D 3. Date of Earliest Transaction (MM/DD/YY) 05/31/2018 (Street) MORRISVILLE, NC27560 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 05/31/2018 M 991 ( 1 ) A $ 13.49 18,657 D Common Stock 05/31/2018 S 991 ( 1 ) D $ 17.25 17,666 D Common Stock 06/01/2018 M 11,043 ( 1 ) A $ 13.49 28,709 D Common Stock 06/01/2018 S 11,043 ( 1 ) D $ 17.25 17,666 D Common Stock 06/04/2018 M 23,900 ( 1 ) A $ 13.49 41,566 D Common Stock 06/04/2018 S 23,900 ( 1 ) D $ 17.26 ( 2 ) 17,666 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 Options to Purchase Common Stock $ 13.49 05/31/2018 M 991 ( 1 ) 06/30/2014 06/30/2019 Common Stock 991 $ 0 34,943 D Options to Purchase Common Stock $ 13.49 06/01/2018 M 11,043 ( 1 ) 06/30/2014 06/30/2019 Common Stock 11,043 $ 0 23,900 D Options to Purchase Common Stock $ 13.49 06/04/2018 M 23,900 ( 1 ) 06/30/2014 06/30/2019 Common Stock 23,900 $ 0 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Galleher J. Patrick C/O ISSUER DIRECT CORP 500 PERIMETER PARK DR., SUITE D MORRISVILLE, NC27560 X Signatures /s/ James Patrick Galleher 06/04/2018 Signature of Reporting Person Date

Explanation of Responses:

( 1 )This Form is being filed to report, among other things, the exercise of a stock option for a total of 35,934 shares of Common Stock. The stock option was initially granted to the Reporting Person on March 11, 2014 for an aggregate of 40,000 shares of Common Stock at an exercise price of $13.49 per share (the "Initial Option"). In connection with the exercise of the stock option, the Reporting Person sold 991 shares of Common Stock on the open market on May 31, 2018 at a price of $17.25 per share, 11,043 shares of Common Stock on the open market on June 1, 2018 at a price of $17.25 per share and 23,900 shares of Common Stock on the open market on June 4, 2018 at a weighted average price of $17.26 per share for gross proceeds of $620,012 in order to pay for the aggregate option exercise price of $484,750. As a result of these transactions, the Reporting Person, on a net basis, did not acquire any additional shares of Common Stock. The Reporting Person no longer has any shares of Common Stock exercisable under the Initial Option. ( 2 )The $17.26 represents a weighted average price. The Reporting Person sold 3,000 shares of Common Stock at price of $17.30 per share and 20,900 shares of Common Stock at a price of $17.25 per share.

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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