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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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brauser Michael 11 WEST 19TH STREET 10TH FLOOR NEW YORK, NY 10011 |
X |
/s/ Michael Brauser | 10/24/2011 | |
**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) | Shares were issued on August 13, 2011, in accordance with board approval obtained on July 1, 2011. |
(2) | Represents a grant of common stock, which will vest in equal portions annually over a period of three years |
(3) | Represents 71,250 shares owned personally by Mr. Brauser and 37,075 owned by Michael and Betsy Brauser TBE. Mr. Brauser has shared voting and shared dispositive power over these shares. |
(4) | Shares are owned by BMB Holdings, LLLP. Michael Brauser is the Manager of BMB Holdings, LLC, which is the General Partner of BMB Holdings, LLLP. Mr. Brauser has voting and dispositive rights over these shares |
(5) | Shares are owned by Betsy G. Brauser Retained Annuity Trust. Betsy Brauser, wife of Mr. Brauser, is the trustee and beneficiary of the Betsy G. Brauser Retained Annuity Trust. |
(6) | Includes 40,000 shares granted March 21, 2011, and 25,000 shares granted August 13, 2011 (in accordance with board approval obtained July 1, 2011). The shares will vest in equal portions annually over a three year period. |