|
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 |
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Options (Right to Buy) | $ 4.65 | 04/21/2011 | A | 26,301 | (5) | 04/21/2021 | Common Stock | 26,301 | $ 0 | 26,301 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
TROY GREGORY T 1520 OLD TROLLEY ROAD SUMMERVILLE, SC 29485 |
Chief Human Resources Officer |
Gregory T. Troy | 04/25/2011 | |
**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) | These shares of common stock are subject to forfeiture restrictions, whereby the restrictions on 25% of the stock will lapse immediately, 25% will lapse on June 30, 2011, 25% will lapse on September 30, 2011, and the remaining will lapse on December 31, 2011. |
(2) | These shares of common stock are subject to forfeiture restrictions, whereby one-third of the restrictions lapse in three equal annual installments commencing on March 2, 2012. |
(3) | These shares of common stock are subject to forfeiture restrictions, whereby one-third of the restrictions will lapse in three equal annual installments upon the completion of performance criteria to be determined on or by March 2, 2012. |
(4) | Pursuant to the reporting person's restricted stock award granted on April 21, 2011, 5,000 shares vested on April 21, 2011, of which 1,883 shares were forfeited as payment for his tax withholding obligations, including the minimum statutory federal tax withholding rate, the state tax withholding rate and Medicare. |
(5) | This stock option vests in three equal annual installments, commencing on March 2, 2012. |