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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 | ||||||||
Right to Purchase Common Stock | $ 7.46 | 08/13/2010 | D | 25,000 | (1) | 03/23/2018 | Common Stock, Par Value $0.0001 per share | 25,000 | $ 0 (3) | 10,000 | D | ||||
Right to Purchase Common Stock | $ 2.5 | 08/13/2010 | D | 10,000 | (2) | 11/19/2018 | Common Stock, Par Value $0.0001 per share | 10,000 | $ 0 (4) | 0 | D | ||||
Right to Purchase Common Stock | $ 2.46 | 08/16/2010 | A | 24,108 | (5) | 08/15/2020 | Common Stock, Par Value $0.0001 per share | 24,108 | $ 0 | 24,108 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
TOTH ROBERT 600 S ROYAL LN #200 COPPELL, TX 75019 |
X |
/s/ Stephen D. Fenstermacher, Co-CEO and CFO, by Power of Attorney | 08/17/2010 | |
**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) | Options Vest 1/3 immediately, 1/3 on every year thereafter for 2 years. |
(2) | The option provided for vesting in three equal annual installments beginning November 20, 2009. |
(3) | On August 16, 2010, the issuer canceled, pursuant to the issuer's option exchange program, an option for 25,000 shares of Mannatech common stock granted to the reporting person on March 24, 2008. In exchange, the reporting person received a replacement option, for 14,148 shares, having an exercise price of $2.46 a share. |
(4) | On August 16, 2010, the issuer canceled, pursuant to the issuer's option exchange program, an option for 10,000 shares of Mannatech common stock granted to the reporting person on November 20, 2008. In exchange, the reporting person received a replacement option, for 9,960 shares, having an exercise price of $2.46 a share. |
(5) | The option vests in three equal annual installments beginning August 16, 2011. |