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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) | $ 4.2 | 08/21/2009 | D | 600,000 | (1) | 04/06/2013 | Common Stock | 600,000 | (2) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 2.32 | 08/21/2009 | A | 600,000 | (5) | 08/21/2016 | Common Stock | 600,000 | (2) | 600,000 | D | ||||
Employee Stock Option (right to buy) | $ 4.2 | 08/21/2009 | D | 200,000 | (1) | 04/06/2013 | Common Stock | 200,000 | (6) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 2.32 | 08/21/2009 | A | 200,000 | (5) | 08/21/2016 | Common Stock | 200,000 | (6) | 200,000 | D | ||||
Employee Stock Option (right to buy) | $ 4.2 | 08/21/2009 | D | 200,000 | (1) | 04/06/2013 | Common Stock | 200,000 | (6) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 2.32 | 08/21/2009 | A | 200,000 | (7) | 08/21/2016 | Common Stock | 200,000 | (6) | 200,000 | D | ||||
Employee Stock Option (right to buy) | $ 5.27 | 08/21/2009 | D | 200,000 | (1) | 05/01/2014 | Common Stock | 200,000 | (3) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 2.32 | 08/21/2009 | A | 200,000 | (5) | 08/21/2016 | Common Stock | 200,000 | (3) | 200,000 | D | ||||
Employee Stock Option (right to buy) | $ 3.7 | 08/21/2009 | D | 250,000 | (1) | 02/14/2015 | Common Stock | 250,000 | (4) | 0 | D | ||||
Employee Stock Option (right to buy) | $ 2.32 | 08/21/2009 | A | 250,000 | (5) | 08/21/2016 | Common Stock | 250,000 | (4) | 250,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PICKUS JOSHUA 1900 SEAPORT BOULEVARD 3RD FLOOR REDWOOD CITY, CA 94063 |
X | CEO |
/a/ David Laser, by power of attorney | 10/09/2009 | |
**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) | 1/48th of the total number of shares subject to the option vest on the monthly anniversary of the Vesting Commencement Date. |
(2) | On August 21, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option for 600,000 shares of SPRT common stock granted to the reporting person on April 6, 2006. In exchange, the reporting person received a replacement option for 600,000 shares, having an exercise price of $2.32 per share. |
(3) | On August 21, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option for 200,000 shares of SPRT common stock granted to the reporting person on May 1, 2007. In exchange, the reporting person received a replacement option for 200,000 shares, having an exercise price of $2.32 per share. |
(4) | On August 21, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option for 250,000 shares of SPRT common stock granted to the reporting person on February 14, 2008. In exchange, the reporting person received a replacement option for 250,000 shares, having an exercise price of $2.32 per share. |
(5) | 33% of the total number of shares subject to the option shall vest on the one year anniversary of the Transaction Date and 1/36th of the total number of shares subject to the option shall vest on the monthly anniversary of the Transaction Date thereafter. |
(6) | On August 21, 2009, the issuer canceled, pursuant to the issuer's option exchange program, an option for 200,000 shares of SPRT common stock granted to the reporting person on April 6, 2006. In exchange, the reporting person received a replacement option for 200,000 shares, having an exercise price of $2.32 per share. |
(7) | One third of the total number of shares subject to the option shall vest on the one year anniversary of the Transaction Date and 1/36th of the total number of shares subject to the option shall vest on the monthly anniversary of the Transaction Date thereafter. Notwithstanding this schedule, the shares will only become exercisable, to the extent vested, following the date as of which the fair market value of the issuer's common stock has first equaled or exceeded $4.50 per share for 20 consecutive trading days. |