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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 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 | ||||||||
Common Stock Options | $ 0.75 | 12/04/2012 | M | 50,000 | (1) | 05/21/2019(1) | Common Stock | 50,000 | $ 0 | 15,000 | D | ||||
Common Stock Options | $ 0.75 | 12/05/2012 | M | 15,000 | (2) | 05/21/2019(2) | Common Stock | 15,000 | $ 0 | 0 | D | ||||
Common Stock Options | $ 1.75 | 12/05/2012 | M | 10,000 | (3) | 05/21/2019(3) | Common Stock | 10,000 | $ 0 | 65,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Cleveland Todd M 107 W. FRANKLIN ST ELKHART, IN 46515 |
X | President & CEO |
/s/ Todd M. Cleveland by Andy L. Nemeth, attorney-in-fact | 12/06/2012 | |
**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) | Common stock options granted on May 21, 2009 of which 10% of the option awards were immediately vested on the grant date. The remaining options vested in increments of 25%, 35% and 30% upon the first, second, and third anniversaries, respectively, of the grant date, with full vesting at the end of three years, and expire after ten years. The 75,000 total stock options originally granted at an exercise price of $0.75 per share are 100% vested, of which a total of 60,000 options have been exercised. |
(2) | Common stock options granted on May 21, 2009 of which 10% of the option awards were immediately vested on the grant date. The remaining options vested in increments of 25%, 35% and 30% upon the first, second, and third anniversaries, respectively, of the grant date, with full vesting at the end of three years, and expire after ten years. The 75,000 total stock options originally granted at an exercise price of $0.75 per share are 100% vested, of which all the options have been exercised. |
(3) | Common stock options granted on May 21, 2009 of which 10% of the option awards were immediately vested on the grant date. The remaining options vested in increments of 25%, 35% and 30% upon the first, second, and third anniversaries, respectively, of the grant date, with full vesting at the end of three years, and expire after ten years. The 75,000 total stock options originally granted at an exercise price of $1.75 per share are 100% vested, of which a total of 10,000 options have been exercised. |