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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 | ||||||||
Stock Options | $ 5.74 (4) | 03/14/2014 | M | 7,800 | 10/06/2009 | 10/06/2014 | Common Shares | 7,800 | $ 0 (5) | 201,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ruelle John C/O 5850 OPUS PARKWAY, #150 MINNETONKA, MN 55343 |
VP & CAO |
John Ruelle | 05/27/2014 | |
**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) | This amended Form 4 is being filed to correct a number of inaccuracies in the original Form 4 filed on March 18, 2014. The original Form 4 incorrectly reported a sale of 7,800 common shares. The correct amount sold by the reporting person was only 4,306 common shares. |
(2) | The original form 4 incorrectly reported that the amount of securities beneficially owned following the sale of common shares was 11,126 common shares. Following the sale of 4,306 common shares, the reporting person beneficially owned 14,614 common shares. |
(3) | The original Form 4 incorrectly reported a purchase of 3,494 shares of common stock that did not in fact occur. The reporting person acquired 7,800 shares pursuant to the option price reported in the original Form 4, sold 4,306 of those shares and retained the balance of 3,494 shares. As of March 14, 2014, following the sale of 4,306 common shares, the reporting person beneficially owned 14,614 common shares. |
(4) | The original Form 4 incorrectly reported an exercise price of $7,800. The correct exercise price was $5.74 per stock option. |
(5) | The original Form 4 incorrectly reported a price of derivative security of $5.74. The correct price of the derivative security is $0. |