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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 | ||||||||
Option (right to buy) | $ 4.78 | 06/14/2012 | D | 6,500 (3) | 06/01/2004 | 06/26/2013 | Common Stock | 6,500 | $ 7.35 | 0 | D | ||||
Restricted Stock Units | $ 0 (4) | 06/14/2012 | D | 3,000 (4) | (4) | (4) | Common Stock | 3,000 | $ 7.35 | 0 | D | ||||
Deferred Shares | $ 0 (4) | 06/14/2012 | D | 18,296 (4) | (4) | (4) | Common Stock | 18,296 | $ 7.35 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HUDSON KATHERINE M 450 WINKS LANE BENSALEM, PA 19020 |
X |
Katherine M. Hudson | 06/14/2012 | |
**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) | Disposition of shares in tender offer which constitutes a change in control for cash consideration equal to $7.35 per share. |
(2) | Disposition of shares resulting from restricted stock units and other deferrals pursuant to a merger for cash consideration equal to $7.35 per share in a transaction exempt under Rule 16b-3(e). |
(3) | Option canceled pursuant to a merger in exchange for cash consideration equal to the difference between $7.35 and the exercise price of the option multiplied by the number of options canceled. This transaction is exempt under Rule 16b-3(e). |
(4) | Restricted stock units ("RSUs") and deferred shares canceled pursuant to a merger in exchange for cash consideration equal to $7.35 per RSU or deferred share. RSUs and deferred shares were settleable upon termination of service as a director or earlier upon a change in control. RSUs and deferred shares generally were settleable by issuance of one share, or the cash value of one share, for each RSU or deferred share being settled. This transaction is exempt under Rule 16b-3(e). A change in control became effective on the transaction date. |