1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non-Qualified Stock Option: right to buy
|
Â
(3)
|
12/23/2014 |
Common Stock
|
77,160
(1)
|
$
5.28
(1)
|
D
|
Â
|
Non-Qualified Stock Option: right to buy
|
Â
(4)
|
12/29/2015 |
Common Stock
|
15,160
(1)
|
$
14.52
(1)
|
D
|
Â
|
* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
Reflects the 7.580345-for-1 stock split to be effected in connection with the Issuer's initial public offering of its common stock. |
(2) |
The Issuer intends to use part of the proceeds from the initial public offering of its common stock to redeem all of the shares of preferred stock. |
(3) |
22.5% of the shares subject to these options are fully vested and exercisable. An additional 10% of the shares subject to these options will become fully vested upon consummation of the Issuer's initial public offering of its common stock. 12.5% of the shares will vest annually for the next three years beginning on December 31, 2006, such that 37.5% will be fully vested on December 31, 2008. 10% of the shares will vest annually for the next three years beginning on December 31, 2006 to the extent the Issuer achieves certain annual performance measures, such that 30% will be fully vested on December 31, 2008, and if the Issuer does not achieve such performance measures, such shares will become fully vested on December 23, 2012. |
(4) |
25% of the shares subject to these options will vest annually for the next four years beginning on December 22, 2006, such that 100% will be fully vested on December 22, 2009. |