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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) | 09/28/2016 | A | 21,000 | (2) | 09/28/2018 | Common Stock | 21,000 | $ 0 | 21,000 | D | ||||
Employee Stock Option (right to buy) | $ 5.22 | 09/28/2016 | A | 21,000 | (3) | 09/28/2026 | Common Stock | 21,000 | $ 0 | 21,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Marszewski C. Michael 2901 PATRICK HENRY DRIVE SANTA CLARA, CA 95054 |
CFO and VP Finance |
/s/ Marsha Larsen, attorney-in-fact for C. Michael Marszewski | 09/30/2016 | |
**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) | Pursuant to the Issuer's 1997 Stock Plan (the "Plan") the Reporting Person was granted 21,000 performance shares on September 28, 2016. 10,500 shares will vest on September 28, 2017 and 10,500 shares will vest on September 28, 2018. |
(3) | Pursuant to the Plan the Reporting Person was granted an option to buy 21,000 shares of Common Stock. 1/2 of such shares will vest on September 28, 2017 and 1/24th of such shares granted will vest monthly thereafter. This option will be fully vested on September 28, 2018. |