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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 | ||||||||
Employee stock options | $ 37.36 | 03/03/2008 | A | 128 (2) | 12/31/2004 | 02/24/2014 | Common | 128 | $ 0 | 642 | D | ||||
Employee stock options | $ 24.66 | 03/03/2008 | A | 486 (3) | 12/31/2005 | 10/18/2015 | Common | 486 | $ 0 | 1,959 | D | ||||
Employee stock options | $ 24.62 | 03/03/2008 | A | 160 (4) | 12/31/2005 | 05/24/2015 | Common | 160 | $ 0 | 644 | D | ||||
Employee stock options | $ 20.14 | 03/04/2008 | A | 5,423 (5) | 12/31/2008 | 03/04/2018 | Common | 5,423 | $ 0 | 5,423 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Benedetti Marco 9645 WEHRLE DRIVE CLARENCE, NY 14031 |
Corporate Controller |
/s/ Christopher J. Thome as attorney-in-fact for Marco F. Benedetti | 03/05/2008 | |
**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) | Grant of restricted stock pursuant to issuer's Stock Incentive Plan vesting over a four-year period, 50% after the first two years, 25% after the third year and 25% after the fourth year. The vesting will occur on the last calendar day of the appropriate year. |
(2) | On February 24, 2004, the reporting person was granted an option to purchase 803 shares of common stock. The option vests in partial installments beginning December 31, 2004, subject to the satisfaction of certain performance criteria. The performance criteria for 128 shares has been met as of March 3, 2008, resulting in the vesting of those shares subject to possible recalculation. |
(3) | On October 18, 2005, the reporting person was granted an option to purchase 3,041 shares of common stock. The option vests in partial installments beginning December 31, 2005, subject to the satisfaction of certain performance criteria. The performance criteria for 486 shares has been met as of March 3, 2008, resulting in the vesting of those shares subject to possible recalculation. |
(4) | On May 24, 2005, the reporting person was granted an option to purchase 1,000 shares of common stock. The option vests in partial installments beginning December 31, 2005, subject to the satisfaction of certain performance criteria. The performance criteria for 160 shares has been met as of March 3, 2008, resulting in the vesting of those shares subject to possible recalculation. |
(5) | These non-qualified options vest in four equal installments beginning with 25% on December 31, 2008; 25% on December 31, 2009; 25% on December 31, 2010; and 25% on December 31, 2011. |