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) | 05/04/2022 | Common Stock | 50,000 | $ 10.55 (3) | D (4) | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PIERNO THOMAS M C/O ROSETTA STONE INC. 7919 NORTH LYNN STREET, 7TH FLOOR ARLINGTON, VA 22209 |
 |  |  Chief Financial Officer |  |
Michael C. Wu, Attorney-in-fact | 05/11/2012 | |
**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) | The restricted shares are subject to forfeiture restrictions that lapse 1/4 per annum beginning one year from May 2, 2012, Mr. Pierno's employment start date. |
(2) | Options shall vest at a rate of 1/4 per annum beginning one year from May 4, 2012. |
(3) | The per share exercise price of the options shall be equal to the closing price of the common stock of the Corporation on the New York Stock Exchange on May 4, 2012, the date of grant. |
(4) | Mr. Pierno was designated a Section 16 officer by the Rosetta Stone Inc. Board of Directors on May 4, 2012. |