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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 | ||||||||
Stock Option (Right to Buy) | $ 39.62 | 10/09/2014 | 04/09/2017 | Class A Common Stock | 2,500 | 2,500 | D | ||||||||
Stock Option (Right to Buy) | $ 51.26 | 10/08/2015 | 04/08/2018 | Class A Common Stock | 2,500 | 2,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BOLOTIN IRVING 700 NW 107TH AVENUE SUITE 400 MIAMI, FL 33172 |
X |
/s/ Mark Sustana as Attorney-in-Fact for Irving Bolotin | 06/02/2016 | |
**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 were transferred from the reporting person's directly owned account to Bolotin Family Investments, LP. The reporting person has investment authority with respect to, and is the beneficial owner of, the shares held in Bolotin Family Investments, LP. |
(2) | On April 25, 2016, 2,000 shares, which were previously owned by one of the GRATs, were contributed to the reporting person's directly owned account. The reporting person is the trustee and sole lifetime beneficiary of both of the GRATs, therefore the transaction did not result in a change in beneficial ownership. |
(3) | On April 25, 2016, these shares were gifted from one of the GRATs to the Bolotin Family Trust, of which a third party is trustee and the reporting person's daughters are beneficiaries, for estate planning purposes. On May 26, 2016, these shares were gifted from the Bolotin Family Trust to the reporting person's directly owned account. |
(4) | These shares were issued in accordance with the Issuer's outside directors' compensation program based on $45.57 per share which was the last reported sale price of the Issuer's Class A common stock on May 31, 2016, the last trading day of the Issuer's fiscal quarter. The shares are not transferable until May 31, 2019, subject to specified exceptions. |