|
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 |
|
| |||||||||||||||||||||||||||||
|
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) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Nonqualified Stock Option (right to buy) | $ 4.7 | 06/18/2008 | A | 12,000 (1) | 06/18/2008(2) | 06/18/2018 | Common Stock | 12,000 | $ 4.7 | 12,000 | D | ||||
Nonqualified Stock Option (right to buy) | $ 4.7 | 06/18/2008 | A | 12,000 (1) | 06/18/2008(3) | 06/18/2018 | Common Stock | 12,000 | $ 4.7 | 12,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HANGER DWIGHT 4695 MACARTHUR COURT 8TH FLOOR NEWPORT BEACH, CA 92660 |
X |
/s/ Irma Eggert, by Power of Attorney | 06/20/2008 | |
**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) | Pursuant to the Company's director compensation plan, Mr. Hanger was entitled to receive a stock option grant of 12,000 on each Anniversary Date of his appointment to the Company's Board of Directors. Due to an unintentional administrative oversight, the stock option Anniversary Grants for the years 2006 and 2007 were not granted on his Anniversary Date of April 12. Upon recommendation by the Compensation Committee and approval by the Board of Directors the indicated stock option grants were approved on June 18, 2008. |
(2) | This stock option grant represents Mr. Hanger's 2006 Anniversary Grant and shall vest and become exercisable as follows: (i) 6,000 on 6/18/2008; (ii) 3,000 on 4/12/2009; and 3,000 on 4/12/2010. |
(3) | This stock option grant represents Mr. Hanger's 2007 Anniversary Grant and shall vest and become exercisable as follows: (i) 3,000 on 6/18/2008; (ii) 3,000 on 4/12/2009; (iii) 3,000 on 4/12/2010; and (iv) 3,000 on 4/12/2011. |