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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) | $ 17.63 | 05/21/2008(4) | 05/21/2017 | Common Stock | 9,500 | 9,500 | D | ||||||||
| Employee Stock Option (Right to Buy) | $ 13.31 | 10/30/2008(5) | 10/30/2017 | Common Stock | 6,000 | 6,000 | D | ||||||||
| Employee Stock Option (Right to Buy) | $ 10.56 | 04/14/2009(6) | 04/14/2018 | Common Stock | 7,500 | 7,500 | D | ||||||||
| Employee Stock Option (Right to Buy) | $ 4.18 | 04/13/2010(7) | 04/13/2019 | Common Stock | 35,000 | 35,000 | D | ||||||||
| Employee Stock Option (Right to Buy) | $ 10.8 | 04/19/2011(8) | 04/19/2020 | Common Stock | 21,200 | 21,200 | D | ||||||||
| Employee Stock Option (Right to Buy) | $ 6.28 | 04/18/2012(9) | 04/18/2021 | Common Stock | 26,236 | 26,236 | D | ||||||||
| Employee Stock Option (Right to Buy) | $ 1.91 | 03/29/2013(10) | 03/29/2022 | Common Stock | 35,749 | 35,749 | D | ||||||||
| Employee Stock Option (Right to Buy) | $ 6.25 | 03/15/2014(11) | 03/15/2023 | Common Stock | 9,039 | 9,039 | D | ||||||||
| Employee Stock Option (Right to Buy) | $ 2.12 | 09/01/2016 | A(1) | 86,019 | 09/01/2017(12) | 09/01/2026 | Common Stock | 86,019 | $ 0 | 86,019 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Komarek Luke 2400 XENIUM LANE NORTH PLYMOUTH, MN 55441 |
SVP, General Counsel | |||
| /s/Brook T. Nuernberg, Attorney-in-Fact | 09/06/2016 | |
| **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) | For purposes of setting the exercise price of the non-qualified stock option ("NQSO") award and for calculating both the time-based restricted stock and NQSO awards granted on September 1, 2016, the Company used a price of $2.12 per share which represents the highest closing price on the NYSE during the 30 trading days preceding the date of grant. |
| (2) | The reporting person was granted 11,792 shares of Common Stock pursuant to a Restricted Stock Agreement. The shares are subject to forfeiture and are scheduled to vest in three annual installments of 3,931, 3,931 and 3,930 shares on September 1, 2017, September 1, 2018 and September 1, 2019 respectively. |
| (3) | This number includes restricted stock awards. |
| (4) | On May 21, 2007, the reporting person was granted an option to purchase 9,500 shares of common stock. The option vests equally in three annual installments beginning on May 21, 2008. |
| (5) | On October 30, 2007, the reporting person was granted an option to purchase 6,000 shares of common stock. The option vests equally in three annual installments beginning on October 30, 2008. |
| (6) | On April 14, 2008, the reporting person was granted an option to purchase 7,500 shares of Common Stock. The option vests equally in three annual installments beginning on April 14, 2009. |
| (7) | On April 13, 2009, the reporting person was granted an option to purchase 35,000 shares of Common Stock. The option vests equally in five annual installments of 7,000 shares beginning on April 13, 2010. |
| (8) | On April 19, 2010, the reporting person was granted an option to purchase 21,200 shares of Common Stock. The option vests in three annual installments of 7,066 shares on April 19, 2011, 7,067 shares on April 19, 2012 and 7,067 shares on April 19, 2013. |
| (9) | On April 18, 2011, the reporting person was granted an option to purchase 26,236 shares of Common Stock. The option vests in three annual installments of 8,746 shares on April 18, 2012, 8,745 shares on April 18, 2013 and 8,745 shares on April 18, 2014. |
| (10) | On March 29, 2012, the reporting person was granted an option to purchase 35,749 shares of Common Stock. The option vests in three annual installments of 11,917 shares on March 29, 2013, 11,916 shares on March 29, 2014 and 11,916 shares on March 29, 2015. |
| (11) | On March 15, 2013, the reporting person was granted an option to purchase 9,039 shares of the Company's Common Stock. The option vests in three annual installments of 3,013 shares on each of March 15, 2014, March 15, 2015 and March 15, 2016. |
| (12) | On September 1, 2016, the reporting person was granted an option to purchase 86,019 shares of the Company's Common Stock. The option vests in three annual installments of 28,673 shares on each of September 1, 2017, September 1, 2018 and September 1, 2019. |