The Reporting Person owned options to purchase 288,300 shares of Class A Common Stock that were exercisable at a price of $6.42 per share and that expired unexercised on September 23, 2012.
Of the 1,632,943 shares of Class A Common Stock owned directly by the Reporting Person, including the shares referred to above in this Item 3, 809,885 shares are unvested, of which 102,676 shares are scheduled to vest on October 26, 2013, 37,500 shares are scheduled to vest on each of October 26, 2014, October 26, 2015, October 26, 2016, October 26, 2017 and October 26, 2018, 58,057 shares are scheduled to vest on each of October 30, 2013, October 30, 2014 and October 30, 2015, 41,625 shares are scheduled to vest on each of October 30, 2016, October 30, 2017, October 30, 2018, October 30, 2019 and October 30, 2020, 44,059 shares are scheduled to vest on November 1, 2013, 44,058 shares are scheduled to vest on November 1, 2014 and, depending on the satisfaction of financial performance criteria during the Issuer’s 2013 fiscal year, up to an additional 16,432 shares are scheduled to vest on each of October 30, 2013, October 30, 2014 and October 30, 2015. The Reporting Person currently has the power to vote all of such shares of Class A Common Stock. The Reporting Person does not have the right to dispose unvested shares of Class A Common Stock.
Item 5 | Interest in Securities of Issuer. |
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a) The Reporting Person is the beneficial owner of 6,048,493 shares of Class A Common Stock representing 17.2% of the Class A Common Stock (based on 30,928,292 shares of Class A Common Stock outstanding as of December 31, 2012, which number includes 3,830,042 unvested restricted shares, plus 1,334,929 shares of Class A Common Stock issuable upon exercise of stock options exercisable within 60 days of December 31, 2012 and 2,930,511 shares of Class B Common Stock, each share of which (i) is convertible at any time into an equal number of shares of Class A Common Stock at the option of the holder thereof and (ii) has ten votes per share on all matters subject to the vote of the stockholders).
(b) The number of shares of Class A Common Stock as to which the Reporting Person has the sole power to vote or direct the vote is 5,968,622. The number of shares of Class A Common Stock as to which the Reporting Person shares the power to vote or direct the vote is 79,871. The number of shares of Class A Common Stock as to which the Reporting Person has the sole power to dispose or direct the disposition is 5,158,737. The number of shares of Class A Common Stock as to which the Reporting Person shares the power to dispose or direct the disposition is 79,871.
(c) On December 26, 2012, the Reporting Person acquired 405,106 shares of Class A Common Stock as a gift from his brother, James F. McCann, the Chairman of the Board and Chief Executive Officer of the Issuer and the Foundation acquired 27,323 shares of Class B Common Stock as a gift from James F. McCann.
(d) The Partnership and the Foundation each have the right to receive dividends from, and the proceeds from the sale of, the Class B Common Stock it owns.
(e) N/A