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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 | ||||||||
Performance Stock Units | (1) | 09/19/2007 | A | 20,000 (2) | (3) | (3) | Common | 20,000 (2) | $ 0 | 20,000 (2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MARLEN JAMES S 245 SO. LOS ROBLES AVE. PASADENA, CA 91101 |
X | Chairman, CEO & President |
/s/ Cynthia A. Iwasaki, Power of Attorney | 09/20/2007 | |
**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) | Each Performance Stock Unit represents a contingent right to receive one share of company common stock. |
(2) | The reported number of Performance Stock Units acquired is based on achievement of the performance-based vesting criteria (which is based upon the company's stock price) at the target level. The maximum number of shares that may be acquired under the award is 24,000. The actual number of shares that the reporting person will receive will depend on the company's stock price on the date the award vests. |
(3) | The Performance Stock Units will cliff vest at the end of the term of the reporting person's employment agreement with the company (which will be no later than November 30, 2010). The number of Performance Stock Units that will vest at that time will depend on the company's stock price on the date the award vests. Performance Stock Units that do not vest on the scheduled vesting date will terminate on that date. |