<SEC-DOCUMENT>0001654954-22-000767.txt : 20220125
<SEC-HEADER>0001654954-22-000767.hdr.sgml : 20220125
<ACCEPTANCE-DATETIME>20220125175514
ACCESSION NUMBER:		0001654954-22-000767
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20220124
FILED AS OF DATE:		20220125
DATE AS OF CHANGE:		20220125

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Pitoniak Timothy
		CENTRAL INDEX KEY:			0001905971

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10185
		FILM NUMBER:		22554994

	MAIL ADDRESS:	
		STREET 1:		8651 10TH ST N
		STREET 2:		APT 132
		CITY:			ST. PETERSBURG
		STATE:			FL
		ZIP:			33702

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ISSUER DIRECT CORP
		CENTRAL INDEX KEY:			0000843006
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL PRINTING [2750]
		IRS NUMBER:				261331503
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1 GLENWOOD AVE.
		STREET 2:		SUITE 1001
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27603
		BUSINESS PHONE:		9194611600

	MAIL ADDRESS:	
		STREET 1:		1 GLENWOOD AVE.
		STREET 2:		SUITE 1001
		CITY:			RALEIGH
		STATE:			NC
		ZIP:			27603

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INC
		DATE OF NAME CHANGE:	20071002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INCORPORATED
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>section16.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2022-01-24</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000843006</issuerCik>
        <issuerName>ISSUER DIRECT CORP</issuerName>
        <issuerTradingSymbol>ISDR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001905971</rptOwnerCik>
            <rptOwnerName>Pitoniak Timothy</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O ISSUER DIRECT CORP.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE GLENWOOD DRIVE SUITE 1001</rptOwnerStreet2>
            <rptOwnerCity>RALIEGH</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>27603</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isOfficer>true</isOfficer>
            <officerTitle>Chief Financial Officer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Option to Purchase Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>26.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>30000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Restricted Stock Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>20000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This option to purchase common stock was granted on January 24, 2022 and vests as follows: over a four-year period at a rate of 7,500 shares of common stock underlying the option grant on the first, second, third and fourth anniversary of the date of grant.  The closing price of the Issuer's common stock on January 24, 2022, the date of grant, was $26.00 per share. The Reporting Person must be an employee of the Issuer as of each vesting date.  The option grant will expire on January 23, 2032.  In the event of a Corporate Transaction (as defined in the Issuer's 2014 Equity Incentive Plan, as amended (the &quot;Plan&quot;), any unvested portion of the option grant will be immediately vested so long as the Reporting Person continues to be an employee of the Issuer at such time.</footnote>
        <footnote id="F2">These restricted stock units were granted January 24, 2022 and vest on January 24, 2025.  The closing price of the Issuer's common stock on January 24, 2022, the date of grant, was $26.00 per share. The Reporting Person must be an employee of the Issuer as of the vesting date.  In the event of a Corporate Transaction (as defined in the Plan), any unvested portion of the restricted stock units shall be immediately vested so long as the Reporting Person continues to be an employee of the Issuer at such time.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Timothy Pitoniak</signatureName>
        <signatureDate>2022-01-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
