Name of Selling Shareholder
|
Number of Shares Owned Prior to the Offering (1)(2)
|
Number of
Shares That May Be Offered Hereby (1)
|
Shares Owned
After the Offering
|
|
Number (2)
|
Percent of Class
|
|||
R & W-TRG, LLC (4)
|
1,838,591
|
1,338,496
|
500,095
|
*
|
4.
|
R&W-TRG, LLC is owned by Mr. Robert S. Taubman and Mr. William S. Taubman. Pursuant to an Assignment and Pledge Agreement Respecting Accounts and Account Assets by and among R & W-TRG, LLC, a Michigan limited liability company (the “Pledgor”), and Citibank, N.A., a national banking association (the “Lender”), as may be amended from time to time (the “Security Agreement”), 1,338,496 Units and underlying shares of common stock that are subject to this prospectus have been pledged by the Pledgor to the Lender as security for a loan or other extension of credit to the Pledgor. Upon a default under the Security Agreement, Lender, any subsidiary thereof, or any successor or assign thereof, may be a Selling Shareholder hereunder and upon the exchange of such Units, may sell the applicable shares of Common Stock offered by this prospectus.
|