11/01/2024 | Press release | Distributed by Public on 11/01/2024 14:04
FORM 4
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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 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 | ||||||||
Restricted Stock Units | (2) | 10/31/2024 | M | 78 | 04/01/2023 | (3) | Common Stock | 78 | $ 0 | 1,425 | D | ||||
Restricted Stock Units | (2) | 10/31/2024 | M | 153 | 06/30/2022 | (4) | Common Stock | 153 | $ 0 | 306 | D | ||||
Restricted Stock Units | (2) | 10/31/2024 | M | 200 | 04/01/2024 | (5) | Common Stock | 200 | $ 0 | 6,000 | D | ||||
Restricted Stock Units | (2) | 10/31/2024 | M | 9,135 | 10/31/2024 | (6) | Common Stock | 9,135 | $ 0 | 18,272 | D | ||||
Restricted Stock Units | (2) | 10/31/2024 | A | 20,845 | 10/31/2025 | (7) | Common Stock | 20,845 | $ 0 | 20,845 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BIERE PETER 1317 EDGEWATER DR #1880 ORLANDO, FL 32804 |
Chief Financial Officer |
/s/ Peter J. Biere | 11/01/2024 |
**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) | Reflects shares surrendered to the Issuer to satisfy tax withholding obligations upon vesting of the Restricted Stock Units. |
(2) | Each Restricted Stock Unit represents a contingent right to receive at settlement one share of Issuer common stock. |
(3) | These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 and vest 25% after one year and then 75% in 36 equal monthly installments commencing on the last day of each succeeding month thereafter. |
(4) | These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on May 19, 2022 and vest quarterly over 36 months. |
(5) | These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2023 pursuant to the reporting person's employment agreement and vest 25% in one year and 75% in equal monthly installments over 36 months. |
(6) | These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on October 31, 2023, and vest 1/3rd after 1 year, then quarterly over 2 years. |
(7) | These Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on October 31, 2024, and vest over a three-year term, one-third vesting 12 months from the grant date and then in equal quarterly installments after that. |