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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 Option (Right to Buy Common Stock) (4) | $ 7.54 | 01/03/2006 | A | 200,000 | 01/03/2007(5) | 01/03/2016 | Common Stock, $.0001 par value | 200,000 | $ 0 | 200,000 | D | ||||
Employee Stock Option (Right to Buy Common Stock) | $ 2.16 | 10/08/2000(5) | 10/08/2009 | Common Stock, $.0001 par value | 207,806 | 207,806 | D | ||||||||
Employee Stock Option (Right to Buy Common Stock) | $ 2.37 | 10/08/2000(5) | 10/08/2009 | Common Stock, $.0001 par value | 42,194 | 42,194 | D | ||||||||
Employee Stock Option (Right to Buy Common Stock) | $ 12.2 | 11/28/2002(5) | 11/28/2011 | Common Stock, $.0001 par value | 200,000 | 200,000 | D | ||||||||
Employee Stock Option (Right to Buy Common Stock) | $ 17.8 | 01/02/2003(5) | 01/02/2012 | Common Stock, $.0001 par value | 200,000 | 200,000 | D | ||||||||
Employee Stock Option (Right to Buy Common Stock) | $ 5.8 | 01/02/2004(5) | 01/02/2013 | Common Stock, $.0001 par value | 200,000 | 200,000 | D | ||||||||
Employee Stock Option (Right to Buy) | $ 7.03 | 01/02/2005 | 01/02/2014 | Common Stock, $.0001 par value | 200,000 | 200,000 | D | ||||||||
Employee Stock Option (Right to Buy) | $ 6.36 | 01/03/2006 | 01/03/2015 | Common Stock, $.0001 par value | 200,000 | 200,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
FRIEDMAN RICHARD H 100 CLEARBROOK ROAD ELMSFORD, NY 10523 |
X | Chairman of the Board and CEO |
/s/ Friedman, Richard H. | 01/03/2006 | |
**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) | The 400,000 shares were disposed of in settlement of a Specialized Term Appreciation Retention Sale (STARS) transaction entered into between the reporting person and Bank of America, N.A. pursuant to the terms of a STARS Master Stock Purchase Agreement dated December 12, 2001 and a Transaction Confirmation Agreement dated March 5, 2002. |
(2) | The form as originally filed reflected an incorrect number of securites acquired. The correct number of securites acquired on November 1, 2006 was 300,000 and not 400,000 as originally reported. |
(3) | Shares of Common Stock are owned by the Richard Friedman Family Limited Partnership, of which Mr. Friedman is a general and limited partner. Mr. Friedman has shared voting and dispositive power with respect to these shares of Common Stock. |
(4) | The form as originally filed reported the acquisition on November 1, 2006 of an option to purchase 200,000 shares of common stock at an exercise price of $2.47 per shares. This was reported in error and no option was granted to the reporting person on such date. |
(5) | Vests and becomes exercisable in three equal annual installments commencing on the first anniversary of the date of grant. |