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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 | ||||||||
Non-Qualified Stock Option (Right to Buy) | $ 7.5 | (2) | (2) | Common Stock | 7,000 | 7,000 | D | ||||||||
Non-Qualified Stock Option (Right to Buy) | $ 20 | (3) | (3) | Common Stock | 1,125 | 1,125 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
DEMEDIO DAVID M 100 DEERFIELD LANE SUITE 140 MALVERN, PA 19355 |
CFO |
David M. DeMedio | 09/24/2008 | |
**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 25,000 shares were issued on 9/22/08 to Mr. DeMedio by the Company as a bonus and vest as follows: 8,000 on 9/22/2008, 8,000 on 1/15/09, and 9,000 on 6/30/09. These shares were issued to Mr. DeMedio by the Company pursuant to the Third Amendment to Employment and Non-Competition Agreement dated 9/22/08 between the Company and Mr. DeMedio. |
(2) | The Options are exercisable at any time within five years following the date of vesting. The Options vest as follows: 2,334 on 5/11/06, 2,333 on 6/30/07, and 2,333 on 6/30/08. |
(3) | The options expire two years after the date on which they vest. These options expire as follows: 375 on 10/31/08, 375 on 1/31/09, and 375 on 4/30/09. |