1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (Right to Buy)
|
01/23/2014(1)
|
01/23/2023 |
Common Stock
|
4,100
|
$
4.59
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
01/22/2015(2)
|
01/22/2024 |
Common Stock
|
5,500
|
$
6.72
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
05/29/2015(3)
|
05/29/2024 |
Common Stock
|
14,500
|
$
6.205
|
D
|
Â
|
Performance Shares
|
12/31/2015 |
12/31/2015 |
Common Stock
|
2,400
(4)
|
$
(5)
|
D
|
Â
|
Performance Shares
|
12/31/2016 |
12/31/2016 |
Common Stock
|
3,200
(6)
|
$
(7)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
Options vest in three equal annual installments beginning one year after grant date. |
(2) |
Options vest in three equal annual installments beginning one year after grant date. |
(3) |
Options vest in three equal annual installments beginning one year after grant date. |
(4) |
This represents one half of the Performance Shares which were awarded on January 23, 2013 and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time. |
(5) |
Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate ("CAGR") of the Common Stock between January 1, 2013 and December 31, 2015 (the "Performance Period"). |
(6) |
This represents one half of the Performance Shares which were awarded on January 22, 2014 and are required to be reported at this time because they constitute derivative securities. The other half do not constitute derivative securities and therefore are not required to be reported at this time. |
(7) |
Each Performance Share represents a contingent right to receive 0 to 1.5 shares of Common Stock. The conversion rate (0, .5, 1 or 1.5) ultimately applied to these Performance Shares will be determined based on the compounded annual growth rate ("CAGR") of the Common Stock between January 1, 2014 and December 31, 2016 (the "Performance Period"). |