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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 | ||||||||
| Stock Option (Right to Buy) | $ 1.92 | 12/18/2009 | D(1) | 30,000 | (1) | 05/29/2018 | Common Stock | 30,000 | (1) | 0 (5) | D | ||||
| Stock Option (Right to Buy) | $ 1.73 | 12/18/2009 | A(1) | 30,000 | (1) | 05/29/2018 | Common Stock | 30,000 | (1) | 30,000 (5) | D | ||||
| Stock Option (Right to Buy) | $ 1.37 | 12/18/2009 | D(1) | 348 | (1) | 05/29/2018 | Common Stock | 348 | (1) | 0 (5) | D | ||||
| Stock Option (Right to Buy) | $ 1.24 | 12/18/2009 | A(1) | 348 | (1) | 05/29/2018 | Common Stock | 348 | (1) | 348 (5) | D | ||||
| Stock Option (Right to Buy) | $ 0.95 | 12/18/2009 | A(2) | 8 | (2) | 05/29/2018 | Common Stock | 8 | (2) | 8 (5) | D | ||||
| Stock Option (Right to Buy) | $ 1.37 | 12/18/2009 | D(3) | 15,000 | 06/24/2010(3) | 06/24/2019 | Common Stock | 15,000 | (3) | 0 (5) | D | ||||
| Stock Option (Right to Buy) | $ 1.24 | 12/18/2009 | A(3) | 15,000 | 06/24/2010(3) | 06/24/2019 | Common Stock | 15,000 | (3) | 15,000 (5) | D | ||||
| Stock Option (Right to Buy) | $ 0.95 | 12/18/2009 | A(4) | 384 | 06/24/2010(4) | 06/24/2019 | Common Stock | 384 | (4) | 384 (5) | D | ||||
| Stock Option (Right to Buy) | $ 1.37 | 12/18/2009 | D(3) | 959 | 06/24/2010(3) | 06/24/2019 | Common Stock | 959 | (3) | 0 (5) | D | ||||
| Stock Option (Right to Buy) | $ 1.24 | 12/18/2009 | A(3) | 959 | 06/24/2010(3) | 06/24/2019 | Common Stock | 959 | (3) | 959 (5) | D | ||||
| Stock Option (Right to Buy) | $ 0.95 | 12/18/2009 | A(4) | 24 | 06/24/2010(4) | 06/24/2019 | Common Stock | 24 | (4) | 24 (5) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| GOLD STANLEY P 4444 W. LAKESIDE DRIVE BURBANK, CA 91505 |
X | |||
| /s/ Stanley P. Gold | 12/22/2009 | |
| **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 reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the deemed grant of a "new" replacement option. The amendment of the option was made in connection with a $0.16/share special dividend payable to stockholders of record as of December 4, 2009. The option was originally granted on May 29, 2008. One-third of the shares vested and became exercisable as of May 29, 2009 and the remainder vest and become exercisable in 24 equal monthly installments over the succeeding 24 months. |
| (2) | The grant was made in connection with a $0.16/share special dividend payable to stockholders of record as of December 4, 2009. The option was originally granted on May 29, 2008. One-third of the shares vested and became exercisable as of May 29, 2009 and the remainder vest and become exercisable in 24 equal monthly installments over the succeeding 24 months. |
| (3) | The reported transactions involved an amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the deemed grant of a "new" replacement option. The amendment of the option was made in connection with a $0.16/share special dividend payable to stockholders of record as of December 4, 2009. The option was originally granted on June 24, 2009 and will vest and become exercisable on the first anniversary of the date of grant or, if earlier, on the date of the next annual meeting following the grant date. |
| (4) | The grant was made in connection with a $0.16/share special dividend payable to stockholders of record as of December 4, 2009. The option was granted with the same vesting schedule as the original option grant, and therefore will vest and become exercisable on the first anniversary of the date of grant or, if earlier, on the date of the next annual meeting following the grant date. |
| (5) | Mr. Gold is a Managing Member of Shamrock Partners Activist Value Fund, L.L.C. ("Shamrock Partners"), which is the managing member of Shamrock Activist Value Fund GP, L.L.C. (the "General Partner"), which is the general partner of Shamrock Activist Value Fund, L.P. ("SAVF", and collectively, with Shamrock Partners and the General Partner, the "Fund"), and as such and by virtue of his positions or relationships with the Fund, Mr. Gold may be deemed to beneficially own the securities of the issuer held by the Fund. Mr. Gold disclaims beneficial ownership of any securities held by the Fund except to the extent of his pecuniary interest therein, if any, and this report shall not be deemed an admission that he is a beneficial owner of any such securities held by the Fund for purposes of Section 16 or for any other purpose. |