|
2)
|
Check
the Appropriate Box if a Member of a
Group
|
|
|
(a)
|
[ ]
|
|
|
(b)
|
[
]
|
|
4)
|
Source
of Funds Not
Applicable - This Schedule 13D/A is
being filed solely to disclose the expiration of stock options held by Mr.
Lee.
|
|
5)
|
Check
if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or
2(e)
|
|
11)
|
Aggregate
Amount Beneficially Owned by Each Reporting Person
|
2,
131,260
|
|
12)
|
Check
if the Aggregate Amount in Row (11) Excludes Certain
Shares
|
|
13)
|
Percent
of Class Represented by Amount in Row (11)
|
5.9%
|
|
14)
|
Type
of Reporting Person
|
IN
|
|
ITEM
1.
|
SECURITY
AND ISSUER.
|
|
ITEM
5.
|
INTEREST
IN SECURITIES OF THE ISSUER.
|
|
·
|
1,274,800
Shares;
|
|
·
|
116,460
restricted performance shares representing the maximum number of shares of
common stock of Mercer to which he will be entitled. Each such
restricted performance share represents one Share and up to the maximum
number of Shares will vest after three years, depending upon the
achievement of certain specified performance criteria including company
performance, Share price performance and individual
performance. In the event of a change of control, the
restricted performance shares may vest earlier than three years but remain
subject to the performance criteria in determining the exact number of
Shares which will vest with the
individual;
|
|
·
|
40,000
restricted shares of common stock of Mercer in connection with his role as
an executive officer of Mercer; and
|
|
·
|
options
to acquire up to 700,000 Shares which are presently exercisable or
exercisable within 60 days hereof,
|