Major owner of EPIQ Systems just picked up 49,615 shares

Tom W Olofson, a major owner of EPIQ Systems and EPIQ Systems's Chairman & CEO and a director of the company, recently acquired 49,615 shares of the company. The buys took place at prices ranging from $8.13 to $15.40 per share, on November 04, 2013. Olofson now owns 3,535,464 shares of the company. Olofson operates out of Kansas City, KS. Some additional info was provided as follows:

This component of the Cashless Net Share Settlement reflects the shares that the reporting person was obligated to surrender to the Issuer to pay for the aggregate exercise price for the shares acquired on November 4, 2013. This component of the Cashless Net Share Settlement represents surrendered shares to fund payroll taxes due by the reporting person in connection with the option exer cised on November 4, 2013. Common Stock of 3,535,464 shown in Table I above excludes options of 762,500. Total amount of common stock and options is 4,297,964.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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