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 |
Stock Appreciation Rights
|
06/02/2009 |
06/02/2015 |
Common Stock
|
15,000
(2)
|
$
13.26
|
D
|
Â
|
Stock Appreciation Rights
|
03/27/2010 |
03/27/2016 |
Common Stock
|
15,000
(3)
|
$
9.77
|
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) |
On June 2, 2008, the reporting person was granted 5,000 shares of restricted common stock. The shares will vest, on a three-year cliff basis, on June 2, 2011. |
(2) |
On June 2, 2008, the reporting person was granted Stock Appreciation Rights (SARs) with respect to a total of 15,000 shares of common stock. The grant price for the SARs is $13.26 per share of common stock, which was the closing price of the issuer's common stock on the grant date. The SARs will vest 25% per year on the first four anniversary dates from the date of grant. They will expire on the earlier of (i) sixty days after termination of employment (one year if termination is due to death, disability or retirement), or (ii) seven years from the date of grant. |
(3) |
On March 27, 2009, the reporting person was granted Stock Appreciation Rights (SARs) with respect to a total of 15,000 shares of common stock. The grant price for the SARs is $9.77 per share of common stock, which was the closing price of the issuer's common stock on the grant date. The SARs will vest 25% per year on the first four anniversary dates from the date of grant. They will expire on the earlier of (i) sixty days after termination of employment (one year if termination is due to death, disability or retirement), or (ii) seven years from the date of grant. |