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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 | ||||||||
2006 September Restricted Units | (1) | 09/29/2008 | M | 6,667 | (1) | (1) | Common Stock | 6,667 | $ 5.55 | 6,666 | D | ||||
2006 September Option (Right to Buy) | $ 8.14 | (2) | 09/29/2016 | Common Stock | 20,000 | 20,000 | D | ||||||||
2007 March Option (Right to Buy) | $ 6.6 | (2) | 03/01/2017 | Common Stock | 40,000 | 40,000 | D | ||||||||
2007 March Restricted Units | $ 0 (1) | (1) | (1) | Common Stock | 13,334 | 13,334 | D | ||||||||
2007 Performance Based Restricted Units (CF) | $ 0 (3) | (3) | (3) | Common Stock | 30,000 | 30,000 | D | ||||||||
2008 March Option (Right to Buy) | $ 4.94 | (2) | 03/06/2018 | Common Stock | 130,000 | 130,000 | D | ||||||||
2008 March Restricted Units | $ 0 (1) | (1) | (1) | Common Stock | 30,000 | 30,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Fraser Cathy 13737 NOEL ROAD DALLAS, TX 75240 |
Sr. Vice President |
/s/ Fraser, Cathy | 10/01/2008 | |
**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) | These restricted units vest ratably on each of the first, second and third anniversaries of the date of grant. Restricted Units are settled in shares of the Company's common stock upon vesting. |
(2) | These derivative securities (stock options) vest ratably on each of the first, second and third anniversaries of the date of grant. |
(3) | On the third anniversary of the date of grant, these restricted units vest conditionally based on the average of the closing price of the company's common stock on the last 40 trading days of 2009 ("Stock Price") as follows: 15,000 restricted units vest if the Stock Price is $6.75 or less; 30,000 restricted units vest if the Stock Price is $8.50; and 45,000 restricted units if the Stock Price is $10.25 or greater. Straight-line interpolation will be used to determine the number of restricted units vesting for Stock Prices between the threshold prices stated. Restricted units are settled in shares of the Company's common stock upon vesting. |