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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 | ||||||||
Non-Qualified Stock Option (Right to Buy) (1) (3) | $ 2.47 | 08/18/2015 | D | 10,000 | (3) | 01/29/2019 | Common Stock | 10,000 | $ 2.47 | 0 | D | ||||
Non-Qualified Stock Option (Right to Buy) (1) (3) | $ 3.82 | 08/18/2015 | D | 15,000 | (3) | 11/04/2019 | Common Stock | 15,000 | $ 3.82 | 0 | D | ||||
Non-Qualified Stock Option (Right to Buy) (1) (3) | $ 9.66 | 08/18/2015 | D | 15,000 | (3) | 01/21/2021 | Common Stock | 15,000 | $ 9.66 | 0 | D | ||||
Non-Qualified Stock Option (Right to Buy) (1) (3) | $ 12.82 | 08/18/2015 | D | 7,500 | (3) | 02/13/2022 | Common Stock | 7,500 | $ 12.82 | 0 | D | ||||
Non-Qualified Stock Option (Right to Buy) (1) (3) | $ 6.48 | 08/18/2015 | D | 16,300 | (3) | 01/02/2023 | Common Stock | 16,300 | $ 6.48 | 0 | D | ||||
Performance Restricted Stock Units (1) (4) | $ 0 | 08/18/2015 | D | 38,200 | (4) | 12/31/2016 | Common Stock | 38,200 | $ 0 | 0 | D | ||||
Performance Restricted Stock Units (1) (5) | $ 0 | 08/18/2015 | D | 2,375 | (5) | 12/31/2017 | Common Stock | 2,375 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Giroir Scott D. 4041 PARK OAKS BOULEVARD, SUITE 200 TAMPA, FL 33610 |
Chairman and CEO |
/s/ John T. Wilson | 08/19/2015 | |
**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 18, 2015, Gruden Acquisition, Inc. ("Parent") acquired the issuer pursuant to the Agreement and Plan of Merger by and among issuer, Parent and Gruden Merger Sub, Inc., a wholly owned subsidiary of Parent ("Merger Sub"), dated as of May 6, 2015 (the "Merger Agreement"). In accordance with the Merger Agreement, Merger Sub merged with and into the issuer (the "Merger"), with the issuer surviving the Merger as a wholly owned subsidiary of Parent. At the effective time of the Merger, each outstanding share of the issuer's common stock (including the shares of common stock relating to previously unvested restricted stock and restricted stock unit awards) was cancelled and converted into the right to receive $16.00 in cash (the "per share merger consideration"). The Merger is more fully described in the issuer's Proxy Statement filed with the SEC on July 16, 2015. |
(2) | This amount includes (i) 17,814 shares of common stock held directly by Mr. Giroir and (ii) 28,508 shares of common stock relating to unvested restricted stock and unvested restricted stock unit awards that vested automatically upon the Merger. |
(3) | The stock options vest ratably over four years on each anniversary of the date of grant. The Merger Agreement provided that each outstanding stock option, whether vested or unvested, be cancelled at the effective time of the Merger in exchange for the right to receive a cash payment equal to the product of (i) the total number of shares of common stock subject to the stock option as of the effective time of the Merger and (ii) the amount by which the per share merger consideration exceeds the per share exercise price of the common stock underlying the stock option. |
(4) | These performance-based restricted stock units were scheduled to vest on December 31, 2016, subject to continued service and the achievement of certain performance goals. In accordance with the terms of the Merger Agreement, the performance-based restricted stock units were cancelled at the effective time of the Merger in exchange for the right to receive a cash amount equal to the per share merger consideration multiplied by the total number of shares of common stock subject to such performance stock award assuming vesting at the maximum level. |
(5) | These performance-based restricted stock units were scheduled to vest on December 31, 2017, subject to continued service and the achievement of certain performance goals. In accordance with the terms of the Merger Agreement, the performance-based restricted stock units were cancelled at the effective time of the Merger in exchange for the right to receive a cash amount equal to the per share merger consideration multiplied by 25% of the total number of shares of common stock subject to such performance stock award assuming vesting at the target level. |