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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 | ||||||||
Restricted Stock Units | (1) | 06/24/2014 | A | 3,925 | (1) | (1) | Common Stock | 3,925 | $ 0 | 3,925 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kadre Manuel 5345 HAMMOCK DRIVE CORAL GABLES, FL 33156 |
X |
/s/ Eileen B. Schuler Attorney-in-Fact | 06/25/2014 | |
**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) | Mr. Kadre was elected to the Company's Board of Directors effective June 24, 2014. The Company annually grants, as of the first business day in January, each non-employee director 7,500 restricted stock units ("RSUs") that are vested upon grant. RSUs are settled (based on 1 on 1 conversion to shares of the Company's common stock) on the last day of the month in which the three year anniverary of the date of the award occurs, unless deferred into the Company's Deferred Compensation Plan. The annual grant of RSUs to a newly appointed, non-employee director is prorated to the number of days remaining in the calendar year. Mr. Kadre was granted 3,925 RSUs effective June 24, 2014 that will convert to shares of common stock as of June 30, 2017 or the date on which the Director incurs a separation from service within the meaning of Section 409A of the Internal Revenue Code. |