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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 | |
MARGOLIS JEFFREY H 18111 VON KARMAN AVE SUITE 700 IRVINE, CA 92612 |
X |
/s/ James W. Sytsma, Attorney-in-Fact for Jeffrey H. Margolis | 04/05/2016 | |
**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) | Following the Reporting Person's appointment as Issuer's Chairman of the Board, Issuer increased the Reporting Person's equity compensation in recognition of his expanded duties and responsibilities. A previous award represented the Reporting Person's increased equity compensation for the portion of his current director term through March 31, 2016, the end of Issuer's fiscal year. At the time of the previous award, the amount of equity to be awarded for the post-March 31, 2016 portion of the Reporting Person's current director term could not be calculated because Issuer had not yet determined its annual shareholders' meeting date at which the director term would end. Issuer has since scheduled its annual shareholders' meeting for August 16, 2016. These shares represent the Reporting Person's increased equity compensation for the remaining portion of his current director term starting on April 1, 2016 and ending on the final date of his current director term, August 16, 2016. |
(2) | The Margolis Family Trust established December 23, 1998. |