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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 | ||||||||
| Director Stock Option (right to buy) | $ 2.42 | 08/26/2009 | D | 15,000 | 06/01/2000 | 12/09/2009 | Common Shares | 15,000 | (1) | 0 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 750 (2) | 08/26/2009 | 06/09/2019 | Common Shares | 750 | (1) | 750 | D | ||||
| Director Stock Option (right to buy) | $ 3.46 | 08/26/2009 | D | 18,750 | 06/01/2001 | 06/01/2010 | Common Shares | 18,750 | (3) | 0 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 938 (2) | 08/26/2009 | 06/09/2019 | Common Shares | 938 | (3) | 938 | D | ||||
| Director Stock Option (right to buy) | $ 1.33 | 08/26/2009 | D | 18,750 | 06/01/2002 | 06/01/2011 | Common Shares | 18,750 | (4) | 0 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 2,813 (2) | 08/26/2009 | 06/09/2019 | Common Shares | 2,813 | (4) | 2,813 | D | ||||
| Director Stock Option (right to buy) | $ 1.97 | 08/26/2009 | D | 37,500 | (5) | (6) | Common Shares | 37,500 | (7) | 0 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 3,750 (2) | 08/26/2009 | 06/09/2019 | Common Shares | 3,750 | (7) | 3,750 | D | ||||
| Director Stock Option (right to buy) | $ 7.56 | 08/26/2009 | D | 10,875 | 06/02/2005 | 06/02/2014 | Common Shares | 10,875 | (8) | 0 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 544 (2) | 08/26/2009 | 06/09/2019 | Common Shares | 544 | (8) | 544 | D | ||||
| Director Stock Option (right to buy) | $ 2.2 | 08/26/2009 | D | 6,503 | 11/13/2007 | 11/13/2017 | Common Shares | 6,503 | (9) | 0 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 3,902 (2) | 08/26/2009 | 06/09/2019 | Common Shares | 3,902 | (9) | 3,902 | D | ||||
| Director Stock Option (right to buy) | $ 1.79 | 08/26/2009 | D | 5,492 | 02/29/2008 | 02/28/2018 | Common Shares | 5,492 | (10) | 0 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 3,570 (2) | 08/26/2009 | 06/09/2019 | Common Shares | 3,570 | (10) | 3,570 | D | ||||
| Director Stock Option (right to buy) | $ 0.69 | 08/26/2009 | D | 7,447 | 05/13/2008 | 05/13/2018 | Common Shares | 7,447 | (11) | 0 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 5,958 (2) | 08/26/2009 | 06/09/2019 | Common Shares | 5,958 | (11) | 5,958 | D | ||||
| Director Stock Option (right to buy) | $ 0.23 | 08/26/2009 | A | 62,966 | (12) | 06/09/2019 | Common Shares | 62,966 | $ 0 | 62,966 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| KAISER JEROME H 511 MELROSE PLACE SOUTH ORANGE, NJ 07079 |
X | |||
| /s/ Jerome H. Kaiser, by Arthur C. Hall III, his attorney-in-fact, pursuant to Power of Attorney, dated October 28, 2005, on file with the Commission | 08/28/2009 | |
| **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) | On August 26, 2009, the Company cancelled, pursuant to the Company's option exchange program, an option for 15,000 common shares granted to the reporting person on June 1, 2000. In exchange, the reporting person received a replacement option for 750 common shares of the Company, having an exercise price of $0.23 per share. |
| (2) | Options were granted under the Company's 2009 Omnibus Equity Plan in reliance upon the exemption provided by Rule 16b-3. The options are fully vested and immediately exercisable. |
| (3) | On August 26, 2009, the Company cancelled, pursuant to the Company's option exchange program, an option for 18,750 common shares granted to the reporting person on June 1, 2000. In exchange, the reporting person received a replacement option for 938 common shares of the Company, having an exercise price of $0.23 per share. |
| (4) | On August 26, 2009, the Company cancelled, pursuant to the Company's option exchange program, an option for 18,750 common shares granted to the reporting person on June 1, 2001. In exchange, the reporting person received a replacement option for 2,813 common shares of the Company, having an exercise price of $0.23 per share. |
| (5) | The option provided for vesting as follows: 18,750 common shares on June 3, 2003 and 18,750 common shares on June 3, 2004. |
| (6) | The expiration of the option is as follows: 18,750 common shares on June 4, 2012 and 18,750 common shares on June 3, 2013. |
| (7) | On August 26, 2009, the Company cancelled, pursuant to the Company's option exchange program, an option for 37,500 common shares granted to the reporting person on June 3, 2003. In exchange, the reporting person received a replacement option for 3,750 common shares of the Company, having an exercise price of $0.23 per share. |
| (8) | On August 26, 2009, the Company cancelled, pursuant to the Company's option exchange program, an option for 10,875 common shares granted to the reporting person on June 2, 2004. In exchange, the reporting person received a replacement option for 544 common shares of the Company, having an exercise price of $0.23 per share. |
| (9) | On August 26, 2009, the Company cancelled, pursuant to the Company's option exchange program, an option for 6,503 common shares granted to the reporting person on November 13, 2007. In exchange, the reporting person received a replacement option for 3,902 common shares of the Company, having an exercise price of $0.23 per share. |
| (10) | On August 26, 2009, the Company cancelled, pursuant to the Company's option exchange program, an option for 5,492 common shares granted to the reporting person on February 29, 2008. In exchange, the reporting person received a replacement option for 3,570 common shares of the Company, having an exercise price of $0.23 per share. |
| (11) | On August 26, 2009, the Company cancelled, pursuant to the Company's option exchange program, an option for 7,447 common shares granted to the reporting person on May 13, 2008. In exchange, the reporting person received a replacement option for 5,958 common shares of the Company, having an exercise price of $0.23 per share. |
| (12) | Options were granted under the Company's 2009 Omnibus Equity Plan in reliance upon the exemption provided by Rule 16b-3. The options vest ratably over a three-year period beginning on the first anniversay of the date of grant. |