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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) | $ 8.65 | 08/08/2011 | A | 157,500 (2) | 08/08/2012 | 08/08/2021 | Common Stock | 157,500 | $ 0 | 157,500 | D | ||||
Employee Stock Option (right to buy) | $ 8.65 | 08/08/2011 | A | 112,500 (3) | (3) | 08/08/2014(4) | Common Stock | 112,500 | $ 0 | 270,000 | D | ||||
Employee Stock Option (right to buy) | $ 8.65 | 08/08/2011 | A | 112,500 (5) | (5) | 08/08/2014(4) | Common Stock | 112,500 | $ 0 | 382,500 (6) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ROGERSON GARRY W 1625 SHARP POINT DRIVE FORT COLLINS, CO 80525 |
X | CEO |
/s/ Thomas O. McGimpsey | 08/09/2011 | |
**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) | The employee restricted stock units granted on 8/8/2011 will vest in three equal installments over a 3 year period beginning on on the first anniversary of the grant date. |
(2) | The employee stock options (right to buy)granted on 8/8/2011 will vest in three equal, annual installments over a three year period beginning on the first anniversary of the grant date. |
(3) | The employee stock option (right to buy) is a performance based option to purchase 112,500 shares of common stock if the Company's stock price meets or exceeds $22 each day during a 30-day consecutive period within three years of the grant date. |
(4) | If the Employee Stock Options (right to buy) vest based on performance, then they will expire 10 years from grant date. |
(5) | The employee stock option is a performance based option to purchase 112,500 shares of common stock if the Company's stock price meets or exceeds $27.50 each day during a 30-day consecutive period with 3 years of the grant date. |
(6) | Mr. Rogerson has stock options (right to buy) of 382,500 stock options. |