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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 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 (Month/Day/Year) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Options (right to buy) (1) | $ 19.52 | 05/21/2008 | D | 12,500 | 05/21/2011 | 05/21/2018 | Common Stock | 12,500 | $ 19.52 | 6,250 (2) | D | ||||
Options (right to buy) (1) | $ 4.16 | 03/12/2010 | D | 9,376 | 03/12/2011 | 03/12/2020 | Common Stock | 9,376 | $ 4.16 | 6,250 (2) | D | ||||
Options (right to buy) (1) | $ 5.76 | 02/03/2011 | D | 9,375 | 02/03/2014 | 02/03/2021 | Common Stock | 9,375 | $ 5.76 | 6,250 (2) | D | ||||
Options (right to buy) (1) | $ 7.5 | 03/11/2013 | D | 3,750 | 03/11/2016 | 03/11/2023 | Common Stock | 3,750 | $ 7.5 | 6,250 (2) | D | ||||
Options (right to buy) | $ 1.94 | 04/29/2016 | A | 35,001 | 04/29/2017(3) | 04/28/2026 | Common Stock | 35,001 | $ 1.94 | 41,251 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Mangini Traci 40 E. CHICAGO AVENUE #186 CHICAGO, IL 60611 |
Chief Financial Officer |
Traci L. Mangini | 07/18/2016 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | On April 29, 2016, the Compensation Committee of the Board of Directors of the Company approved a voluntary stock option exchange program for its employees, directors and certain others, which became effective on July 18, 2016. Under the terms of the program, the participants had the opportunity to cancel certain of their existing underwater outstanding stock options (i.e., options with exercise prices that are higher than the current market trading price of the common stock) in exchange for a replacement option grant for an equal number of shares. |
(2) | Represents options directly held by the reporting person, which are not being exchanged. |
(3) | Represents replacement options which vest over three years, vesting 50% on the first anniversary and 25% on each of the second and third anniversaries of grant date, subject to the reporting person remaining continuously in service with the Company. |