UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kaplan Keith Jon 11 WEST 19TH STREET 10TH FLOOR NEW YORK, NY 10011 |
 |  |  Pres and Chief Revenue Officer |  |
/s/ Keith Kaplan | 11/04/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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 a grant of common stock (the "Shares"), issued pursuant to Mr. Kaplan's employment agreement with the Company, which shall vest in equal portions annually over a period of four years, provided that Mr. Kaplan is still employed by the Company or an affiliate of the Company on the applicable vesting date. Notwithstanding the foregoing, the Shares shall vest as to 25% of any then unvested portion of the Shares upon the first occurrence of a Change of Control (as defined in Mr. Kaplan's employment agreement) (with the remainder vesting in accordance with the original vesting schedule with each vesting installment reduced pro rata to reflect such accelerated vesting) and as to 100% of any then unvested portions of the Shares in the event Mr. Kaplan is terminated by the Company without Cause (as defined in Mr. Kaplan's employment agreement) following a Change of Control and Mr. Kaplan executes a general release of claims against the Company and its affiliates in a form |
 Remarks: acceptable to the Company that becomes effective and irrevocable within sixty (60) days following such termination of employment. |