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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 | ||||||||
Incentive Stock Option | $ 7 | 03/26/2012 | M | 5,000 | 05/31/2002 | 05/31/2012 | Common Stock | 5,000 | $ 0 | 42,556 | D | ||||
Incentive Stock Option | $ 5.06 | 03/26/2012 | M | 1 | 01/31/2007(2) | 04/30/2012(2) | Common Stock | 1 (2) | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
NAPOLITANO JASON A 3760 ROCKY MOUNTAIN AVENUE LOVELAND, CO 80538 |
Exec. VP, CFO & Secretary |
/s/ Jason A. Napolitano | 03/28/2012 | |
**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) | Includes one share jointly owned with Robert Grieve. |
(2) | Represents a combination of stock option exercises involving fractional shares: 0.6 shares at a price of $3.40 per share from a stock option granted to Robert Grieve on 1/6/03 exercisable on 1/6/04 with expiration date 01/06/13, 0.2 shares at a price of $8.10 per share from a stock option granted to Mr. Napolitano on 4/30/02 exercisable on 4/30/02 with expiration date 4/30/12, 0.1 shares at a price of $7.00 per share from a stock option granted on 5/31/02 exercisable on 5/31/06 with expiration date 5/31/12 and 0.1 shares at a price of $7.00 per share from a stock option granted on 1/31/03 exercisable on 1/31/07 with expiration date 1/31/13. Robert Grieve offered to deliver shares valued at $2.04 and Mr. Napolitano offered to deliver $3.02 in cash for these stock option exercises. |
(3) | Mr. Napolitano offered to deliver 2,971 previously owned shares to fulfill all exercise price obligations for his stock option exercises referenced herein. |
(4) | Mr. Napolitano disclaims beneficial ownership of all securities of the Issuer owned by his wife. |