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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 | |
MARLEN JAMES S 245 SO. LOS ROBLES AVE. PASADENA, CA 91101 |
X | Chairman & CEO |
/s/ Cynthia A. Iwasaki, Power of Attorney | 02/04/2008 | |
**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 shares surrendered to satisfy the tax withholding obligation of the Company with respect to the vesting of 7,500 restricted shares held by Mr. Marlen. |
(2) | The grant of 18,000 fully-vested shares of common stock was made pursuant to an amendment to Mr. Marlen's employment agreement dated September 19, 2007 (the "Amendment"). The Amendment provides that 18,000 fully-vested shares of common stock will be granted to Mr. Marlen on each of February 1, 2008, 2009 and 2010, provided that a change of control of the Company has not occurred prior to the applicable date and Mr. Marlen continues to be employed by the Company as its Chairman of the Board, President, or Chief Executive Officer on the applicable date. |
(3) | Compensation for services. |
(4) | Represents shares surrendered to satisfy the tax withholding obligation of the Company with respect to the grant of 18,000 fully-vested shares pursuant to the terms of the Amendment. See footnote 2. |