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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 | ||||||||
Stock Option (Right to Buy) | $ 18.79 | 01/27/2006(1) | 07/27/2010 | Common Stock | 18,000 | 18,000 | D | ||||||||
Stock Option (Right to Buy) | $ 26.61 | 01/26/2007(1) | 07/26/2016 | Common Stock | 12,000 | 12,000 | D | ||||||||
Stock Option (Right to Buy) | $ 14.63 | 02/01/2008(1) | 08/01/2017 | Common Stock | 12,000 | 12,000 | D | ||||||||
Stock Option (Right to Buy) | $ 8.69 | 01/30/2009(1) | 07/30/2018 | Common Stock | 12,000 | 12,000 | D | ||||||||
Stock Option (Right to Buy) | $ 6.98 | 01/29/2010(2) | 07/29/2019 | Common Stock | 36,000 | 36,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BARENBAUM LARRY C 11020 FIRST AVENUE NORTH PLYMOUTH, MN 55441 |
X | Interim CEO |
Sandra Miller, Attorney-in-Fact | 10/21/2010 | |
**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) | The reporting person was granted an option that becomes fully exercisable six months after the date of grant, beginning the date shown. |
(2) | The reporting person was granted an option that shall vest and become exercisable in cumulative incremental installments of 33% at six months, eighteen months and 30 months from the date of grant, beginning the date shown. |
(3) | The reporting person's restricted stock award agreement provides that the reporting person has the right to receive 7,000 shares of restricted stock per month, issuable on the anniversary date of grant, for a maximum of up to six months, provided that the reporting person continues to hold the position of Interim Chief Executive Officer at the time of grant. The restricted stock immediately vests upon issuance, but is not transferable until after the reporting person is no longer acting as Interim Chief Executive Officer. |
(4) | This number includes restricted stock awards. |