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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 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 Units | $ 0 | 03/22/2019 | M | 65,625 | (3) | (3) | Common Stock | 65,625 | $ 0 | 0 | D | ||||
Restricted Stock Units | $ 0 | 03/22/2019 | M | 29,520 | (4) | (4) | Common Stock | 29,520 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Krause Albert Jack TWO LANDMARK SQUARE, SUITE 300 STAMFORD, CT 06901 |
President and COO |
/s/ Jack Krause | 03/26/2019 | |
**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) | Each restricted stock unit (RSU) represents the contingent right to receive, upon vesting of the RSU, on share of the Issuer's common stock. |
(2) | Represents the number of shares withheld by the Issuer to cover tax withholding obligations in connection with the vesting of RSUs. |
(3) | As previously reported, on October 26, 2017 the reporting person was granted 105,000 RSUs of which 50% are time vesting and 50% are performance based. All remaining time and performance based RSUs vested on March 22, 2019, upon the achievement of pre-established performance metrics set forth in the reporting person's grant agreement, as approved by the Issuer's Compensation Committee. |
(4) | As previously reported, on May 10, 2018 the reporting person was granted 47,232 RSUs of which 50% are time vesting and 50% are performance based. All remaining time and performance based RSUs vested on March 22, 2019, upon the achievement of pre-established performance metrics set forth in the reporting person's grant agreement, as approved by the Issuer's Compensation Committee. |