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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 | ||||||||
Options to purchase Common Stock | $ 14 | 04/01/2020 | D | 50,358 (1) | (1) | (1) | Common Stock | 50,358 | $ 0 | 0 | D | ||||
Options to purchase Common Stock | $ 6 | 04/01/2020 | A | 50,358 (1) | 04/01/2020 | 04/01/2025 | Common Stock | 50,358 | $ 0 | 50,358 | D | ||||
Options to purchase Common Stock | $ 4.74 | 04/01/2020 | A | 50,358 | (2) | 04/01/2025 | Common Stock | 50,358 | $ 0 | 100,716 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Arcaini Gianni B 6622 SOUTHPOINT DRIVE S JACKSONVILLE, FL 32216 |
X | Chairman & CEO |
/s/ Gianni B. Arcaini | 05/26/2020 | |
**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) | 50,358 previously issued Options to purchase shares of Common Stock were cancelled by the issuer, and 50,358 Options to purchase shares of Common Stock at a lower exercise price were issued as a replacement. |
(2) | 25,179 Options to purchase Shares of Common Stock shall vest and become exercisable on 01/01/2021. The remaining 25,179 Options to purchase Shares of Common Stock shall vest and become exercisable on 01/01/2022. |
Remarks: This amendment is being filed to correct the number of Derivative Securities Beneficially Owned by Mr. Arcaini on April 1, 2020. The initial filing incorrectly overstated the number of Derivative Securities Beneficially Owned by Mr. Arcaini following the cancellation of 50,358 Options to purchase shares of Common Stock of the issuer by 49,719. Consequently, the initial filing overstated the number of Derivative Securities Beneficially Owned by Mr. Arcaini following the transactions subsequently disclosed by the same amount. |