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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 | $ 5.37 | 01/29/2013 | A | 50,000 | 02/28/2013(5) | 01/28/2023 | Common Stock $.01 Par Value | 50,000 | $ 5.37 | 50,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Seefeld Matthew Stephen 15851 CAMINITO CANTARAS DEL MAR, CA 92014 |
Sr. Vice President, Strategy |
s/ Matthew D. Rolfes, by power of attorney | 04/19/2013 | |
**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) | This report discloses a series of sales occuring between January 24, 2013 and April 11, 2013. See the Form 4 filed by IPP Holding Company, LLC ("IPP") on April 18, 2013 for details of the specific transactions. |
(2) | Represents the portion of the shares sold by IPP over which Mr. Seefeld is deemed to have beneficial ownership. |
(3) | Represents the weighted average price of shares sold by IPP. The sale prices ranged from $5.112 to $7.0892. |
(4) | Represents the portion of the shares owned by IPP over which Mr. Seefeld may be deemed to have beneficial ownership. Mr. Seefeld is a member of IPP and has a pecuniary interest in the portion of the shares owened by IPP reflected herein. Mr. Seefeld disclaims beneficial ownership over any other portion of the shares owned by IPP, and he does not have voting or disposition control over IPP or any shares owned by it. |
(5) | The options shall vest and become exercisable in thirty-six equal monthly installments, commencing with the date that is one month from January 29, 2013, during the next three years of continuous employment by the Company. |