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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) | $ 16.3 | 11/17/2015 | M | 2,812 | 05/18/2007 | 05/17/2016 | Common Stock | 2,812 | $ 16.3 | 8,438 | D | ||||
Options (Right to buy) | $ 16.3 | 11/17/2015 | M | 2,813 | 05/18/2008 | 05/17/2016 | Common Stock | 2,813 | $ 16.3 | 5,625 | D | ||||
Options (Right to buy) | $ 16.3 | 11/17/2015 | M | 2,812 | 05/18/2009 | 05/17/2016 | Common Stock | 2,812 | $ 16.3 | 2,813 | D | ||||
Options (Right to buy) | $ 16.3 | 11/17/2015 | M | 2,813 | 05/18/2010 | 05/17/2016 | Common Stock | 2,813 | $ 16.3 | 0 | D | ||||
Options (Right to buy) | $ 15.27 | 11/17/2015 | M | 5,625 | 10/09/2007 | 10/08/2016 | Common Stock | 5,625 | $ 15.27 | 16,875 | D | ||||
Options (Right to buy) | $ 15.27 | 11/17/2015 | M | 5,625 | 10/09/2008 | 10/08/2016 | Common Stock | 5,625 | $ 15.27 | 11,250 | D | ||||
Options (Right to buy) | $ 15.27 | 11/17/2015 | M | 5,625 | 10/09/2009 | 10/08/2016 | Common Stock | 5,625 | $ 15.27 | 5,625 | D | ||||
Options (Right to buy) | $ 15.27 | 11/17/2015 | M | 5,625 | 10/09/2010 | 10/08/2016 | Common Stock | 5,625 | $ 15.27 | 0 | D | ||||
Options (Right to buy) | $ 26.64 | 11/17/2015 | M | 4,500 | 08/10/2011 | 08/09/2016 | Common Stock | 4,500 | $ 26.64 | 13,500 | D | ||||
Options (Right to buy) | $ 26.64 | 11/17/2015 | M | 4,500 | 08/10/2012 | 08/09/2016 | Common Stock | 4,500 | $ 26.64 | 9,000 | D | ||||
Options (Right to buy) | $ 26.64 | 11/17/2015 | M | 4,500 | 08/10/2013 | 08/09/2016 | Common Stock | 4,500 | $ 26.64 | 4,500 | D | ||||
Options (Right to buy) | $ 26.64 | 11/17/2015 | M | 4,500 | 08/10/2014 | 08/09/2016 | Common Stock | 4,500 | $ 26.64 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Van Heel John W 200 HOLLEDER PARKWAY ROCHESTER, NY 14615 |
X | Chief Executive Officer |
/s/ John W. Van Heel | 11/19/2015 | |
**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) | As permitted pursuant to the terms of the 1998 Employee Incentive Stock Option Plan and the 2007 Stock Option Plan, the reporting person delivered these shares to the Issuer in order to pay for the exercise of 51,750 non-qualified stock options reported on Tables I and II that expire within the next 12 months. The shares were valued at the closing price for the Issuer's stock on November 17, 2015, the date on which the reporting person delivered these shares and exercised the options. |
(2) | The reporting person sold stock on November 17, 18 and 19, 2015, to pay taxes related to the exercise of options during the month. The reporting person's holdings of the Issuer's stock increased by 3,067 shares as a result of the stock option exercise and related sales reported on this form and increased by an aggregate of 22,671 shares as a result of all November activity. |
(3) | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.50 to $73.74, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price for the transactions being reported on this Form 4. |
(4) | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.50 to $73.67, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price for the transactions being reported on this Form 4. |
(5) | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.20 to $73.50, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price for the transactions being reported on this Form 4. |