UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Rodriguez-Gonzalez Luis A PO BOX 364527 SAN JUAN, PR 00936-4527 |
 |  |  General Counsel & Secretary |  |
/s Nashely Pagan-Isona by Power of Attorney | 09/15/2016 | |
**Signature of Reporting Person | Date |
* | 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) | Reports a grant on June 1, 2015 of 10,346 restricted stock units vesting in three substantially equal installments on each of the first three anniversaries of the date of grant, and of which 3,448 have already vested. Reports a grant on February 19, 2016 of 11,843 of restricted stock units, of which (i) 3,947 will vest on February 19, 2017, (ii) 3,948 will vest on February 19, 2018, and (iii) 3,948 will vest on February 19, 2019 provided that the Reporting Person is then providing services to the Company. Each restricted stock unit represents a contingent right to receive one share of common stock. |
(2) | A total of 1,132 shares of common stock was withheld by the Issuer to fund the cashless option to pay the tax liability of the Reporting Person in connection with the vesting of restricted stock units issued on June 1, 2015. |