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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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SCOTT GREGORY J 330 W. 34TH STREET 9TH FLOOR NEW YORK, NY 10001 |
X | Chief Executive Officer |
Linda Gormezano, attorney-in-fact /s/ Linda Gormezano | 05/01/2015 | |
**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) | The reporting person was granted an award of performance-based restricted stock that vests subject to the Company achieving minimum, target, and maximum operating income levels for fiscal year 2015, and continued employment with the Company. All 400,000 performance-based shares will be cancelled if the Company achieves below the minimum operating income goal for fiscal year 2015. If the Company achieves between the minimum and target operating income goals for fiscal year 2015, the reporting person will earn between 72,748 and 363,630 shares of restricted stock. If the Company achieves between the target and maximum operating income goals for fiscal year 2015, the reporting person will earn between 363,640 and 400,000 shares of restricted stock. Any earned shares will vest ratably through March 2018. |
(2) | Includes 68,780 shares of common stock; 100,000 shares of restricted stock which vest on August 26, 2016; 100,000 shares of restricted stock which vest on August 25, 2017; and 400,000 shares of performance-based restricted stock. |