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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 Unit | (10) (11) | 03/09/2016 | 03/09/2016 | A | 5,000 | (11) | (11) | Common Stock | 5,000 (10) | (12) | 35,500 (10) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LIEBOWITZ LEO TWO JERICHO PLAZA WING C, STE 110 JERICHO, NY 11753 |
X |
/s/ Leo Liebowitz | 03/11/2016 | |
**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) | Increase in securities is the result of a special stock dividend by the Issuer of which 20,157 shares were issued directly to the Reporting Person and 3,966 shares were re-distributed to the Reporting Person proportionate to his ownership of an S-corporation which had received the aforesaid special dividend and redistributed same in kind to its shareholders. See also footnote 5 below. |
(2) | n/a |
(3) | Mr. Liebowitz is not a beneficiary of the Trust and his spouse is the sole trustee of the Trust. |
(4) | An S-corporation in which the Reporting Person is a shareholder. Shares indicate Reporting Person's proportionate share. |
(5) | These shares (20,000) were previously erroneously reported as indirectly owned when in fact they are directly owned. This correction does not result in any change in the amount of securities beneficially owned by the Reporting Person. |
(6) | Increase in securities (3,261) is the result of a special stock dividend by the Issuer. |
(7) | Increase in securities (3,872) is the result of a special stock dividend by the Issuer. |
(8) | Increase in securities (710) is the result of a special stock dividend by the Issuer. |
(9) | Increase in securities (7,652) is the result of a special stock dividend by the Issuer. |
(10) | Each RSU is settled for 1 share of common stock or the cash equivalent upon the settlement date noted in footnote (11) below. |
(11) | Restricted Stock Units vest ratably over five years commencing on the first anniversary of the date of grant and are settled in cash or common stock, in thediscretion of the Compensation Committee, upon the earlier of the tenth anniversary of the grant date or termination of employment. |
(12) | The RSUs were received by the Reporting Person for no consideration. |