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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 | ||||||||
Option to purchase common stock (right to buy) | $ 0.54 | 12/17/2013 | G(5) | V | 43,000 | 12/18/2008 | 12/18/2013 | Common Stock | 43,000 | $ 0 | 6,000 | D | |||
Option to purchase common stock (right to buy) | $ 0.54 | 12/17/2013 | G(5) | V | 13,000 | 12/18/2008 | 12/18/2013 | Common Stock | 13,000 | $ 0 | 13,000 | I (4) | By daughter | ||
Option to purchase common stock (right to buy) | $ 0.54 | 12/17/2013 | M | 6,000 | 12/18/2008 | 12/18/2013 | Common Stock | 6,000 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
KAHN DAVID C 380 HEMPSTEAD AVENUE WEST HEMPSTEAD, NY 11552 |
X | Chief Financial Officer |
/s/ David C. Kahn | 12/19/2013 | |
**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's daughter, Stephanie Kahn, exercised options to purchase 17,000 shares of common stock on December 18, 2013. Stephanie Kahn shares the Reporting Person's household. The Reporting Person disclaims beneficial ownership of the securities held by his daughters, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or any other purpose. |
(2) | The Reporting Person's daughter, Rebecca Kahn, exercised options to purchase 5,000 shares of common stock on December 18, 2013. Rebecca Kahn shares the Reporting Person's household. |
(3) | The Reporting Person's daughter, Rebecca Kahn, exercised options to purchase 25,000 shares of common stock by cashless exercise on December 18, 2013. |
(4) | Delivered in connection with cashless exercise of option. |
(5) | On December 17, 2013, the Reporting Person made gifts to two sons and two daughters, of options to purchase a total of 43,000 shares of common stock. Rebecca Kahn, who shares the Reporting Person's household, received 13,000 of those options. Rebecca Kahn exercised those options on December 18, 2013. The Reporting Person disclaims beneficial ownership of the securities held by his daughters, and this report should not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or any other purpose. |