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 | ||||
Phantom Stock | Â (1) | Â (1) | Common Stock | 3,143 | $ (1) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HOFFMAN JAMES DONALD 350 SOUTH GRAND AVENUE SUITE 5100 LOS ANGELES, CA 90071 |
 |  |  Sr. VP, Operations |  |
/s/ James D. Hoffman by William A. Smith II as his Attorney-in-Fact | 06/05/2014 | |
**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) | Each share of phantom stock is the economic equivalent of one share of the Issuer's common stock. In connection with the acquisition by the Issuer of Earle M. Jorgensen Company ("EMJ") in April 2006, the Issuer assumed the obligation resulting from EMJ's settlement with the U.S. Department of Labor to contribute shares of the Issuer's common stock to the Earle M. Jorgensen Company Supplemental Stock Bonus Plan, a phantom stock bonus plan. As a former employee of EMJ, Mr. Hoffman is entitled to receive 3,143 phantom shares of the Issuer's common stock under the Earle M. Jorgensen Company Supplemental Stock Bonus Plan. This obligation will be satisfied by a cash payment to Mr. Hoffman upon the termination of his employment with the Issuer. |