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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 Units (1) | (3) | 12/31/2008 | M | 732 (2) | (1) | (4) | Common Stock | 732 (2) | (4) | 1,464 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Lutz Laurent Charles 2724 WEST SUNNYSIDE AVENUE CHICAGO, IL 60625 |
Former Chief Legal Officer |
Robert K. Hahm, Attorney-in-Fact for Laurent Charles Lutz | 01/05/2009 | |
**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) | As previously reported, on October 23, 2007, Laurent Charles Lutz was granted an award of 146,444 restricted stock units ("RSUs"). The grant was approved by the Compensation Committee of the Board of Directors of BearingPoint, Inc. (the "Company") and scheduled to vest in four equal installments of 36,611 RSUs on December 31 in each of 2007, 2008, 2009 and 2010. On December 10, 2008 a one-for-fifty reverse split of the Company's common stock became effective, reducing the number of shares of each installment to be vested to 732.22. Pursuant to Mr. Lutz's RSU Agreement dated October 23, 2007, the Company is not required to issue fractional shares. On December 31, 2008, 732 shares of the Company's common stock were issued to Mr. Lutz in settlement of his 2008 installment, of which 216 shares of common stock were withheld by the Company (as approved by the Compensation Committee) to satisfy Mr. Lutz's tax withholding obligations. |
(2) | Reflects the one-for-fifty reverse stock split that became effective at 6:01 pm Eastern Time on December 10, 2008. |
(3) | Each RSU represents a contingent right to receive one share of common stock of the Company or the cash equivalent. |
(4) | None. |