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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 | ||||||||
10% Convertible Senior Bond, Par Value $0.01 | (1) | 01/06/2016 | P | 2 (2) | (1) | (3) | Common Stock, Par Value $0.01 | (2) | $ 200 | 2 | I | Jointly with Spouse |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Scammahorn Gene 3504 LAKEBLUFF WAY PLANO, TX 75093 |
X |
Brittany Martin AIF for Gene E. Scammahorn | 01/08/2016 | |
**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) | The conversion price is equal to the average of the closing price of our Common Stock as reported by Bloomberg L.P. for the thirty (30) trading days preceding the date of issuance of the convertible bond, plus a 30% issuance premium. Bond holders may convert their bonds at their option at any time prior to the close of business on the business day immediately preceding the 30 day period before the maturity date, unless the issuer redeems the bonds. The issuer may redeem the bonds after the second anniversary of the issuance of the bonds. |
(2) | Reporting person exercised one subscription right to purchase 2 10% Convertible Senior Bonds, Par Value $100.00. Each convertible bond will bear interest at a rate of 10% per year on the principal or par value of $100.00 per bond, payable annually in arrears on February 15 of each year beginning February 15, 2017. The interest payments shall be paid annually, in arrears in cash or in shares of our common stock, at the issuer's sole discretion. |
(3) | The bonds mature on February 15, 2021 unless earlier converted by holder or redeemed by the Issuer. |