UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
RESTRICTED STOCK UNITS | (1) | (1) | COMMON STOCK | 196,875 | $ (2) | D | |
RESTRICTED STOCK UNITS | (3) | (3) | COMMON STOCK | 118,072 | $ (2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Krause Albert Jack 2 LANDMARK SQUARE SUITE 300 STAMFORD, CT 06820 |
President and Chief Operating |
Jack Albert Krause | 06/26/2018 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | This 262,500 restricted stock unit award was granted on October 26, 2017, with 131,250 units vesting based on time and 131,250 units based on performance. The time vesting units vest 25% on January 31, 2018, and 25% on each of the next three anniversaries of that initial vesting date. The performance vesting units vest annually upon the achievement of certain benchmarks. |
(2) | Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. |
(3) | This 118,072 restricted stock unit award was granted on May 10, 2018, with 59,036 units vesting based on time and 59,036 units based on performance. The time vesting units vest 25% on the closing of the offering, and 25% on January 31, 2019, 2020 and 2021. The performance vesting units vest annually upon the achievement of certain benchmarks. |