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 | ||||
Employee Stock Option | Â (2) | 03/22/2015 | Common Stock | 50,000 | $ 9.6 | D | Â |
Employee Stock Option | Â (3) | 02/03/2016 | Common Stock | 30,000 | $ 4.19 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
JOYCE CHRISTOPHER J 1900 S STATE COLLEGE BLVD SUITE 600 ANAHEIM, CA 92806 |
 |  |  Executive Vice President, M&A |  |
Eli H. Glovinsky | 01/10/2008 | |
**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 bonus stock award, vesting on 1/01/10, of a number of shares equal to $500,000 divided by the fair market value of shares on the vesting date. Number of shares in column 2 is an estimate based on the closing price of common stock on 1/08/08. |
(2) | One half of the option grant vests in equal increments over a five-year period. The second half of the option grant vests on the eighth anniversary of the grant date, subject to acceleration if certain performance targets are met by the issuer. |
(3) | The option grant vests as follows: 5% on the first anniversary of the grant date, 20% on the second anniversary of the grant date, 25% on each of the third, fourth and fifth anniversaries of the grant date. |