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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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Al Yousuf LLC SHEIKH ZAYED RD. P.O. BOX 25 DUBAI, C0 - |
X |
/s/ Iqbal Al Yousuf, President of Al Yousuf LLC | 07/08/2010 | |
**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) | Represents a contribution of restricted shares to Al Yousuf LLC from Hossein Haghighi, who is a director of the Issuer and an employee of Al Yousuf LLC. The restricted shares received by Mr. Haghighi pursuant to the Issuer's 2005 Stock Incentive Plan were contributed to Al Yousuf LLC for no consideration. Fifty percent of these restricted shares have an effective vesting date of June 15, 2011, and the remaining 50% will vest on June 15, 2012. Mr. Haghighi must be employed by, or serve as a director of, the Issuer until the shares have been vested or they will be forfeited. |
(2) | Represents a contribution of restricted shares to Al Yousuf LLC from Alexander Lee, who is a director of the Issuer and an employee of Al Yousuf LLC. The restricted shares received by Mr. Lee pursuant to the Issuer's 2005 Stock Incentive Plan were contriuted to Al Yousuf LLC for no consideration. Fifty percent of these restricted shares have an effective vesting date of June 15, 2011, and the remaining 50% will vest on June 15, 2012. Mr. Lee must be employed by, or serve as a director of, the Issuer until the shares have been vested or they will be forfeited. |
(3) | Represents the forfeiture of 53,047 shares of unvested restricted stock, which had been granted to Iqbal Al Yousuf during his tenure on the board of directors of the Issuer. Mr. Al Yousuf had contributed the restricted shares to Al Yousuf LLC for no consideration, but resigned from the Issuer's board of directors prior to the vesting date of the restricted shares. |