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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 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 | ||||||||
Restricted Stock Units (1) | (1) | 12/07/2007 | A | 15,000 | (1) | (1) | Common Stock, par value $0.01 | 15,000 | $ 0 | $ 2,243,377 (2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
RABBANI ELAZAR 69 FIFTH AVENUE APT 9A NEW YORK, NY 10003 |
X | Chairman and CEO |
/s/ Elazar Rabbani | 12/11/2007 | |
**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) | On December 7, 2007, the Reporting Person was granted 15,000 Restricted Stock Units as compensation for service as an officer of the Issuer. Each Restricted Stock Unit consists of a right to the issuance of one share of common stock, par value $0.01 ("Common Stock"). The Restricted Stock Units are subject to a three-year vesting period. |
(2) | This number includes 4,916 shares in the Issuer's 401K plan, of which the Reporting Person has direct beneficial ownership. In addition to the non-derivative securities reported here, the Reporting Person has direct beneficial ownership of stock options to purchase 523,342 shares of Common Stock which are exercisable within 60 days of the date of this report. The Reporting Person also has an indirect beneficial interest in: (i) 3,469 shares held in the name of the Reporting Person as custodian for certain of his children, (ii) 2,168 shares in the name of his wife as custodian for certain of their children, (iii) an aggregate of 5,100 shares of Common Stock held in the name of the Reporting Person's children and (iv) 7,500 shares of restricted Common Stock that vest within 60 days from the date hereof. This number does not include 22,500 Restricted Stock Units that will not vest within the next 60 days. |