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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 | ||||||||
Stock option (right to buy | $ 3.3 | 03/25/2014 | A | 18,440 (8) | 03/25/2014 | 03/25/2024 | Common Stock | 18,440 | $ 0 | 18,440 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
TRUEX PAUL F 25801 INDUSTRIAL BLVD SUITE B HAYWARD, CA 94545 |
President and CEO |
/s/ Paul Truex | 03/28/2014 | |
**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) | Shares forfeited in lieu of payment of tax liability in connection with the vesting of 16,956 performance shares and 3,864 performance shares which represent the portion of the Reporting Person?s 2012 and 2013 performance share awards. |
(2) | The number of shares forfeited by the Reporting Person was based on the closing price of the Issuer?s common stock on March 25, 2014, the vesting date of the 2012 and 2013 Grants. |
(3) | Shares have been adjusted to reflect the Issuer?s 1-for -8 reverse stock split effectuated July 15, 2013. |
(4) | Award of Restricted Stock Units under the Issuer?s 2013 Stock Option and Incentive Plan that vest immediately on March 25, 2014. |
(5) | Not applicable. |
(6) | Shares acquired under the Issuer?s 2010 Employee Stock Purchase Plan on June 30 2013. |
(7) | This amended Form 4 is being filed for the purpose of correcting an incorrect Form 4 filed on March 27, 2014 reflecting ownership numbers that were pre-split. This corrects the numbers to reflect the Issuer?s 1-8-reverse split effectuated July 15, 2013. |
(8) | The Stock Option vests immediately on March 25, 2014. |