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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 | ||||||||
Performance Res. Stk. Units | (1) | 12/31/2014 | M | 39,202 | (2) | (2) | Common Stock | 39,202 | $ 0 | 0 | D | ||||
Deferred Stock Units | (3) | 12/31/2014 | M | 39,202 | (4) | (4) | Common Stock | 39,202 | $ 0 | 209,081 | D | ||||
Restricted Stock Units | (5) | 12/31/2014 | M | 30,050 | (6) | (6) | Common Stock | 30,050 | $ 0 | 111,613 | D | ||||
Deferred Stock Units | (7) | 12/31/2014 | M | 30,050 | (8) | (8) | Common Stock | 30,050 | $ 0 | 239,131 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PICKETT C TAYLOR 200 INTERNATIONAL CIRCLE SUITE 3500 HUNT VALLEY, MD 21030 |
X | Chief Executive Officer |
/s/ Thomas H. Peterson, Attorney-in-Fact | 01/05/2015 | |
**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) | Represents performance restricted stock units (PRSUs) that vested on 12/31/2014 for the 2011-2013 performance cycle. |
(2) | These units vest in four equal installments at the end of each calendar quarter in 2014 subject to continued employment. |
(3) | Represents Deferred Stock Units issued upon vesting of Performance Restricted Stock Units (PRSUs) which the reporting person previously elected to receive in lieu of common stock upon the vesting of both absolute and relative Total Shareholder Return for the 2011-2013 performance cycle. Each Deferred Stock Unit represents a right to receive one share of common stock. If the participant previously elected, dividends will also be converted into Deferred Stock Units. |
(4) | The deferred stock units become payable in January 2017. |
(5) | On 12/31/2013, the reporting person was granted restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date. |
(6) | These units vest in four equal installments at the end of each calendar quarter in 2014 subject to continued employment. |
(7) | Represents deferred stock units issued upon the vesting of one third of the time based transition restricted stock units for the 2014-2016 service period, which the reporting person previously elected to receive in lieu of common stock. |
(8) | The deferred stock units become payable in January 2022. |