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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 | ||||||||
| Stock Options | $ 4.0863 | 11/05/2007 | F | 30,482 (2) | 01/31/2005 | 01/31/2011 | Stock Options | 30,482 | $ 4.0862 | 0 | D | ||||
| Stock Options | $ 5.79 | 11/05/2007 | F | 47,992 (2) | 01/31/2005 | 01/31/2012 | Stock Options | 47,992 | $ 5.79 | 0 | D | ||||
| Stock Options | $ 1.87 | 11/05/2007 | F | 47,672 (2) | 01/31/2005 | 01/31/2013 | Stock Options | 47,672 | $ 1.87 | 0 | D | ||||
| Stock Options | $ 6.18 | 11/05/2007 | F | 53,560 (2) | 01/31/2005 | 01/31/2014 | Stock Options | 53,560 | $ 6.18 | 0 | D | ||||
| Stock Options | $ 6.57 | 11/05/2007 | F | 37,301 (2) | 01/31/2005 | 01/31/2015 | Stock Options | 37,301 | $ 6.57 | 0 | D | ||||
| Stock Options | $ 6.1 | 11/05/2007 | F | 60,504 (2) | 01/31/2005 | 01/31/2016 | Stock Options | 60,504 | $ 6.1 | 0 | D | ||||
| Stock Options | $ 7.4 | 11/05/2007 | A | 30,482 (3) | 11/05/2007 | 01/31/2011 | Stock Options | 30,482 | $ 7.4 | 30,482 | D | ||||
| Stock Options | $ 7 | 11/05/2007 | A | 47,992 (3) | 11/05/2007 | 01/31/2012 | Stock Options | 47,992 | $ 7 | 47,992 | D | ||||
| Stock Options | $ 2.81 | 11/05/2007 | A | 47,672 (3) | 11/05/2007 | 01/31/2013 | Stock Option | 47,672 | $ 2.81 | 47,672 | D | ||||
| Stock Option | $ 10.73 | 11/05/2007 | A | 53,560 (4) | 11/05/2007 | 01/31/2014 | Stock Option | 53,560 | $ 10.73 | 53,560 | D | ||||
| Stock Option | $ 8.04 | 11/05/2007 | A | 37,301 (5) | 11/05/2007 | 01/31/2015 | Stock Option | 37,301 | $ 8.04 | 37,301 | D | ||||
| Stock Option | $ 9.64 | 11/05/2007 | A | 60,504 (6) | 11/05/2007 | 01/31/2016 | Stock Options | 60,504 | $ 9.64 | 60,504 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| FARIS RONALD M 1661 WORTHINGTON ROAD SUITE 100 WEST PALM BEACH, FL 33409 |
X | President | ||
| /s/ Paul A. Koches | 11/06/2007 | |
| **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) | Due to Internal Revenue Code Section 409A, this restricted stock was granted as partial consideration for the employee's forfeiture and cancellation of stock option awards affected by 409A to replace the loss of the discount value. The Stock Award will vest in three increments as follows: 31,001 shares will vest on January 1, 2008, 2,690 shares will vest on January 1, 2009, and 2,142 shares will vest on January 1, 2010. |
| (2) | Due to Internal Revenue Code Section 409A, these stock options were forfeited and cancelled. Replacement options with exercise prices equal to the fair market value of the stock on the original grant date was issued and will follow the vesting schedule of the original award. |
| (3) | Due to Internal Revenue Code Section 409A, these stock options were reissued with exercise prices equal to the fair market value of the stock on the original grant date and will follow the vesting schedule of the original award. They replace the options which were forfeited and cancelled due to 409A; they vest immediately. |
| (4) | Due to Internal Revenue Code Section 409A, these stock options were reissued with exercise prices equal to the fair market value of the stock on the original grant date and will follow the vesting schedule of the original award. They replace the options which were forfeited and cancelled due to 409A. 42,847 vest immediately. 10,712 vest on 1/31/2008. |
| (5) | Due to Internal Revenue Code Section 409A, these stock options were reissued with exercise prices equal to the fair market value of the stock on the original grant date and will follow the vesting schedule of the original award. They replace the options which were forfeited and cancelled due to 409A. 22,384 vest immediately. 7,458 vest 1/31/2008. 7,459 vest 1/31/2009. |
| (6) | Due to Internal Revenue Code Section 409A, these stock options were reissued with exercise prices equal to the fair market value of the stock on the original grant date and will follow the vesting schedule of the original award. They replace the options which were forfeited and cancelled due to 409A. 24,203 vest immediately. 12,101 vest 1/31/2008. 12,100 vest 1/31/2009. 12,100 vest 1/31/2010. |