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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 | ||||||||
Non-Qualified Stock Option (right to buy) | $ 2.93 | 12/07/2010 | A | 12,500 | (1) | 12/07/2020 | Common Stock | 12,500 | $ 0 | 12,500 | D | ||||
Restricted Stock Units | $ 0 | 12/07/2010 | A | 12,500 | (2) | (3) | Common Stock | 12,500 | $ 0 | 12,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ruisi Lawrence 691 SOUTH MILPITAS BLVD MILPITAS, CA 95035 |
X |
/s/ Lawrence Ruisi | 12/09/2010 | |
**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) | A total of 12,500 Non-Qualified Stock Options were granted on December 7, 2010 from the Company's 2006 Director Plan. The option shall vest in four equal quarterly installments with the first vesting being March 7, 2011, such that the option is fully vested on the earlier of December 7, 2011 or the date in which the director ceases to be a member on the Company's Board of Directors for any reason. |
(2) | Represents a Restricted Stock Unit from the Company's 2006 Director Plan for 12,500 shares of common stock that will be fully vested on the earlier of December 7, 2011 or the date in which the director ceases to be a member on the Company's Board of Directors for any reason. |
(3) | Not Applicable |