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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 | ||||||||
Performance Shares | (1) | 06/10/2013 | A | 19,000 | (4) | 06/10/2017 | Common Stock | 19,000 | $ 0 | 19,000 | D | ||||
Employee Stock Option (Right to buy) | $ 2.37 | 06/10/2013 | A | 76,000 | (5) | 06/10/2023 | Common Stock | 76,000 | $ 0 | 76,000 | D | ||||
Performance Shares | (1) | 06/11/2013 | M | 4,525 | (6) | 06/11/2016 | Common Stock | 4,525 | $ 0 | 13,575 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HARRIS RUSSELL 550 MERIDIAN AVE SAN JOSE, CA 95126 |
Senior VP of Operations |
/s/ William R. Slakey, attorney-in-fact for Russell Harris | 06/12/2013 | |
**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) | Each performance share represents the right to receive one share of the Issuer's Common Stock. |
(2) | These shares are held by The Russell R. Harris 2004 Children's Trust dated April 22, 2004, of which the Reporting Person is the Settlor and his spouse is Trustee. |
(3) | These shares are held by The Harris Living Trust dated March 22, 2004, of which the Reporting Person and his spouse, Jan Johnson Harris, serve as co-trustees. |
(4) | Pursuant to the Issuer's 1997 Stock Plan (the "Plan") the Reporting Person was granted 19,000 performance shares. 1/4th of such shares will vest on June 10, 2014 and on each one year anniversary thereafter. |
(5) | Pursuant to the Plan the Reporting Person was granted an option to buy 76,000 shares of Common Stock. 1/4th of such shares will vest on June 10, 2014 and on each one year anniversary thereafter. |
(6) | 4,525 of the 18,100 shares granted to the Reporting Person under the Plan were vested and released to the Reporting Person effective June 11, 2013. Such 18,100 share grant vests at the following rate: 1/4th of such shares on June 11, 2013 and on each one year anniversary thereafter. |