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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 | ||||||||
Option (Right to Buy) | $ 3.54 | 10/19/2015 | 02/02/2021 | Common Stock | 530,260 | 530,260 | D | ||||||||
Option (Right to Buy) | $ 3.54 | 12/31/2016 | 02/20/2022 | Common Stock | 177,791 | 177,791 | D | ||||||||
Option (Right to Buy) | $ 18.25 | 12/31/2017 | 02/28/2023 | Common Stock | 30,136 | 30,136 | D | ||||||||
Option (Right to Buy) | $ 18.25 | 03/01/2018 | 02/28/2023 | Common Stock | 100,000 | 100,000 | D | ||||||||
Option (Right to Buy) | $ 27.28 (2) | 03/07/2014 | A | 41,788 (3) | 12/31/2018 | 03/06/2024 | Common Stock | 41,788 | $ 0 | 41,788 | D | ||||
Option (Right to Buy) | $ 27.28 | 03/07/2014 | A | 80,000 | 03/07/2019 | 03/06/2024 | Common Stock | 80,000 | $ 0 | 80,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Goncalves Heitor 5505 BLUE LAGOON DRIVE MIAMI, FL 33126 |
EVP, Chief Information |
/s/ Lisa Giles-Klein, As Attorney-in-Fact for Heitor Goncalves | 03/11/2014 | |
**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 shares reported represent shares of common stock purchased from the Issuer by the reporting person upon exercise of his/her investment rights pursuant to the Issuer's 2013 Bonus Swap Program under its Amended and Restated 2012 Omnibus Incentive Plan. The reporting person elected to use 50% of his/her 2013 net bonus to purchase shares of common stock at a purchase price of $27.28 per share ("Investment Shares"). |
(2) | Pursuant to the Issuer's Amended and Restated 2012 under it's Omnibus Incentive Plan, the purchase price of the Investment Shares and the exercise price for the matching options described in footnote 3 below pursuant to the Issuer's 2013 Bonus Swap Program is the last trading price of a share of the Issuer's common stock on the New York Stock Exchange on the trading day immediately preceding the grant date, in this case March 6, 2014. |
(3) | The Issuer granted the options to the reporting person pursuant to the Issuer's 2013 Bonus Swap Program under its Amended and Restated 2012 Omnibus Incentive Plan. The reporting person elected to use 50% of his/her 2013 net bonus to purchase Investment Shares and received a matching grant of stock options in an amount equal to two times his/her gross bonus, multiplied by a multiple based on the reporting person's position level with the Issuer ("Options Multiplier"), and divided by the exercise price of $27.28 per share. The Options Multiplier was 1.0 for vice presidents, 1.5 for senior vice presidents and 2.0 for executive vice presidents. If an employee sells any of the Investment Shares, he/she will forfeit 20,894 of the options and a proportionate number of the remaining options based on the number of Investment Shares sold. |