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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 | ||||||||
Series E Preferred Stock | $ 2 | 06/30/2010 | J(1) | 288.461 | 05/12/2009 | (4) | Common Stock | 144,230 | $ 0 | 0 | I | Held by retirement trust for benefit of Reporting Person. |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Seibald Jack D 1336 BOXWOOD DRIVE WEST HEWLETT, NY 11557 |
X |
/s/ Jack D. Seibald | 07/01/2010 | |
**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) | The Reporting Person and the Issuer agreed to exchange the Reporting Person's shares of Series E Preferred Stock for shares of Common Stock of the Issuer at an effecitve price of $1.65 per share. |
(2) | Received as director fees. |
(3) | Includes 113,000 shares owned jointly with the Reporting Peron's wife. |
(4) | The Reporting Person had the right to covert the Series E Preferred Stock into Common Stock until the Series E Preferred Stock was redeemed by the Issuer. |