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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 | ||||||||
Employee Stock Option (right to buy) | $ 17 | 04/10/2012 | M | 197,639 | (3) | 04/11/2012 | Common Stock | 197,639 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GECHT GUY 303 VELOCITY WAY FOSTER CITY, CA 94404 |
X | Chief Executive Officer |
/s/ Guy Gecht | 04/12/2012 | |
**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) | These shares were acquired by the reporting person through exercise of option grant reported in the table below and paid for through net share settlement (as defined below) with the company. This option grant was scheduled to expire on April 11, 2012. |
(2) | Represents 194,774 shares of common stock returned to the company as payment by the reporting person of the option exercise price of $17 per exercised option (the "net share settlement") and 1,051 shares of common stock withheld for taxes incurred in connection with the option exercise (together with the net share settlement, the "settlements"). No shares of common stock resulting from this option exercise were sold in the open market. As a result of this option exercise and settlements, the previously reported amount of shares of common stock held by the reporting person of 244,373 shares increased by 1,814 shares, to 246,187 shares. |
(3) | This option was granted on April 11, 2005 and became exercisable monthly (ratably), with full vesting in 42 months after the grant date. |