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 | ||||
Employee Stock Options (right to buy) | Â (2) | 02/27/2024 | Common Stock | 100,000 | $ 24.01 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Diaz-Abramo Arturo PO BOX 364527 SAN JUAN, PR 00936-4527 |
 |  |  SVP,General Counsel, Secretary |  |
/s/Nashely Pagan-Isona by Power of Attorney | 09/09/2015 | |
**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 March 13, 2015 of 6,071 restricted stock units with time-based vesting, of which (i) 2,023 will vest on January 1, 2016, (ii) 2,024 will vest on January 1, 2017, and (iii) 2,024 will vest on January 1, 2018, in each case subject to earlier vesting upon a termination of service in certain circumstances. Each restricted stock unit represents a contingent right to receive one share of common stock. Shares will be delivered to the Reporting Person on or before March 15th of the year they vest. |
(2) | Options related to 33,333 shares of common stock are currently vested and exercisable since February 27, 2015, and the remaining options vest and become exercisable in two substantially equal installments on February 27, 2016 and February 27, 2017. |