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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 | ||||||||
Restricted Stock Unit | $ 0 (2) | 02/13/2014 | A | 23,627 | 02/13/2014 | (3) | Common Stock | 23,627 | $ 0 | 23,627 | D | ||||
Restricted Stock Units | $ 0 (2) | 02/13/2014 | M | 23,627 | 02/13/2014(3) | (3) | Common Stock | 23,627 | $ 0 | 0 | D | ||||
Non Qualified Stock Option | $ 2.75 | 02/13/2014 | M(4) | 176,691 | (8) | 10/27/2014 | Common Stock | 176,691 | $ 0 | 0 | D | ||||
Non Qualified Stock OPtion | $ 3.02 | 02/13/2014 | M(4) | 47,552 | (8) | 11/21/2016 | Common Stock | 47,552 | $ 0 | 0 | D | ||||
Incentive Stock Option | $ 3.02 | 02/13/2014 | M | 24,748 | (8) | 11/21/2016 | Common Stock | 24,748 | $ 0 | 107,700 | D | ||||
Incentive Stock Option | $ 3.02 | 02/14/2014 | M | 107,700 | (8) | 11/21/2016 | Common Stock | 107,700 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HART E THOMAS 1277 ORLEANS DRIVE SUNNYVALE, CA 94089-1138 |
X | EXEC Chairman of the Board |
/s/ Patricia Hart by Power of Attorney | 02/18/2014 | |
**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) | Vesting of Restricted Stock Units ("RSUs") granted to the reporting person on February 13, 2014. |
(2) | Each RSU represents a contingent right to receive one share of the Issuer's common stock. |
(3) | 100% of the RSUs vest on the grant date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. |
(4) | The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on June 4, 2013. |
(5) | Represents the aggregate of sales effected on the same day. |
(6) | Represents the weighted average sales price per share. The shares sold at prices ranging from $5.00 to $5.02. Full information regarding the number of shares sold at reach price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the issuer. |
(7) | All shares sold at an exact price. |
(8) | The stock option granted is 100% vested and immediately exercisable. |