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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 | ||||||||
Stock Option (Right to Buy) | $ 1 | 07/13/2007 | W | 39,000 (2) | 09/30/2003 | 08/16/2007(3) | Common Stock, $0.001 par value | 39,000 | $ 0 | 357,300 | I | Held by the Estate of Edwin H. Wegman | |||
Stock Option (Right to Buy) | $ 1.1 | 07/13/2007 | W | 100,000 (2) | 01/23/2006 | 08/16/2007(3) | Common Stock, $0.001 par value | 100,000 | $ 0 | 457,300 | I | Held by the Estate of Edwin H. Wegman |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Wegman Thomas 1764 BRIAR PLACE MERRICK, NY 11566 |
X | X | President |
/s/ Thomas L. Wegman | 07/26/2007 | |
**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 July 13, 2007, the Reporting Person was named as a co-executor of the estate of his father, Edwin H. Wegman. The Estate of Edwin H. Wegman owns beneficially more than 10% of the Issuer's outstanding capital stock (2,048,442 shares of the Issuer's common stock) which consists of (i) 1,843,327 shares of the Issuer held in the name of The S.J. Wegman Company, and (ii) 205,115 shares of the Issuer which are held directly by the Estate of Edwin H. Wegman. 1,843,327 of the shares in the Estate of Edwin H. Wegman held in the name of The S. J. Wegman Company are pledged to the Issuer with voting and dispositive power granted to the board of directors of the Issuer. The Reporting Person is also a residual beneficiary of the Estate of Edwin H. Wegman. |
(2) | The Estate of Edwin H. Wegman also beneficially owns options to purchase 139,000 shares of the Issuer's common stock. |
(3) | Under the Issuer's 2001 Employee Stock Option Plan, the Estate of Edwin H. Wegman must exercise all of its options by midnight, August 16, 2007 because all options expire 6 months from the death of the option holder. |