|
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 |
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
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) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Options | $ 2.45 | 11/04/2008 | M | 4,000 | 12/22/2004 | 12/22/2014 | Common Stock | 4,000 (1) | $ 0 | 0 | I | By Spouse | |||
Employee Stock Options | $ 7.5 | 11/04/2008 | M | 6,000 | 07/26/2006 | 07/26/2016 | Common Stock | 6,000 (1) | $ 0 | 0 | I | By Spouse |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Christensen Christopher R. 27101 PUERTA REAL, SUITE 450 MISSION VIEJO, CA 92691 |
X | X | President & CEO |
/s/ Daniel Walker, as attorney-in-fact for Christopher R. Christensen | 11/06/2008 | |
**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 reporting person acquired beneficial ownership of these shares upon his marriage to the owner of the shares. The reporting person disclaims beneficial ownership of these shares and this report should not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
(2) | 1,000 shares were sold for $18.50, 1,100 shares were sold for $18.51 and 600 shares were sold for $18.52. |
(3) | This transaction was executed in multiple trades at prices ranging from $16.00 to $16.23. The price above reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price. |
(4) | Since the date of the reporting person's last ownership report, the Christensen Family Trust dated 10/24/05 transferred 1,854,500 shares of common stock to Mr. Christensen and 1,854,500 shares to his ex-wife pursuant to a domestic relations order. The reporting person no longer reports as beneficially owned any securities owned by his ex-wife. |
(5) | These shares include 4,000 shares held for Mr. Christensen's minor children under the California Uniform Transfers to Minors Act. Mr. Christensen's ex-wife holds voting and investment power over these shares. Mr. Christensen disclaims ownership of these 4,000 shares and this report shall not be deemed an admission that Mr. Christensen is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. |
(6) | Mr. Christensen is the sole member of this entity. |