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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-Based Restricted Stock Units | (2) | 09/29/2017 | M | 33,333 | (3) | (3) | Common Stock | 33,333 | $ 0 | 66,667 | D | ||||
Restricted Stock Units | (4) | 09/29/2017 | M | 8,154 | (5) | (5) | Common Stock | 8,154 | $ 0 | 61,846 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
RITTICHIER JEFFREY 2015 W. CHESTNUT STREET ALHAMBRA, CA 91803 |
Chief Executive Officer |
/s/ Ryan Hochgesang, attorney in fact | 10/03/2017 | |
**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 shares of restricted common stock issued to the Reporting Person in connection with an equity award originally granted on October 18, 2016. Such shares of common stock are subject to all of the same vesting conditions as the original equity award such that, subject to earlier forfeiture, (i) 8,154 of these shares vest on October 18, 2020, and (ii) up to 66,666 of these shares (at the maximum award level) vest on October 17, 2019 based on the Issuer's total shareholder return (TSR) compared to pre-established relative TSR goals, based on the TSR of the Russell Midcap Index, that were set by the Compensation Committee of the Isuser's Board of Directors, in each case subject to the Reporting Person's continued service to the Issuer through the applicable vesting date. |
(2) | Each PSU represented a contingent right to receive one share of the Issuer's common stock, based on the Issuer's TSR compared to pre-established relative TSR goals, based on the TSR of the Russell Microcap Index, that were set by the Compensation Committee of the Board of Directors. The aggregate number of shares issued may range from zero (0) to 200% of the target number of shares reported in columns 7 and 9 of this report. |
(3) | On October 18, 2016, the Reporting Person was granted a target number of 100,000 PSUs that vest, if at all, in an amount equal to between zero (0) and 200% of the target number of shares reported, subject to the Reporting Person's continued service to the Issuer through the vesting date. |
(4) | Each restricted stock unit represented a contingent right to receive one share of the Issuer's common stock. |
(5) | On October 18, 2016, the Reporting Person was granted 70,000 restricted stock units, vesting in four equal installments commencing on October 18, 2017, subject to the Reporting Person's continued service to the Issuer through the applicable vesting date. |