On February 4, 2011, the Reporting Person received 10,667 shares of Common Stock upon vesting of restricted stock units (“RSUs”).
On February 19, 2011, the Reporting Person received 10,000 shares of Common Stock upon vesting of RSUs.
On February 28, 2011, the Reporting Person received 7,000 shares of Common Stock upon vesting of RSUs.
On February 6, 2012, the Reporting Person received 6,507 shares of Common Stock upon vesting of RSUs. The Reporting Person was entitled to receive an aggregate of 10,667 shares of Common Stock but elected to relinquish an aggregate of 4,160 shares, which were cancelled by the Company in exchange for the Company’s agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting and delivery of the RSUs.
On February 21, 2012, the Reporting Person received 6,393 shares of Common Stock upon vesting of RSUs. The Reporting Person was entitled to receive an aggregate of 10,000 shares of Common Stock but elected to relinquish an aggregate of 3,607 shares, which were cancelled by the Company in exchange for the Company’s agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting and delivery of the RSUs.
On March 2, 2012, the Reporting Person received 11,508 shares of Common Stock upon vesting of RSUs. The Reporting Person was entitled to receive an aggregate of 18,000 shares of Common Stock but elected to relinquish an aggregate of 6,492 shares, which were cancelled by the Company in exchange for the Company’s agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting and delivery of the RSUs.
On February 14, 2013, the Reporting Person received 8,191 shares of Common Stock upon vesting of RSUs. The Reporting Person was entitled to receive an aggregate of 13,267 shares of Common Stock but elected to relinquish an aggregate of 5,076 shares, which were cancelled by the Company in exchange for the Company’s agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting and delivery of the RSUs.
On February 19, 2013, the Reporting Person received 6,303 shares of Common Stock upon vesting of RSUs. The Reporting Person was entitled to receive an aggregate of 10,000 shares of Common Stock but elected to relinquish an aggregate of 3,697 shares, which were cancelled by the Company in exchange for the Company’s agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting and delivery of the RSUs.
On March 4, 2013, the Reporting Person received 11,346 shares of Common Stock upon vesting of RSUs. The Reporting Person was entitled to receive an aggregate of 18,000 shares of Common Stock but elected to relinquish an aggregate of 6,654 shares, which were cancelled by the Company in exchange for the Company’s agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting and delivery of the RSUs.
On June 30, 2013, stock options (the “Stock Options”) became exercisable for 125,000 shares of Common Stock (with an exercise price of $8.025 per share and an expiration date of July 29, 2020). The Stock Options were granted to the Reporting Person on July 29, 2010.
During the period commencing on February 6, 2012 and ending on March 4, 2013, the Reporting Person did not sell or otherwise dispose of any shares of Common Stock for any reason other than to cover the required taxes as disclosed above for such period.
No consideration was paid by the Reporting Person for the shares received in respect of RSUs.
Except as set forth on this Schedule 13D, the Reporting Person has no current plans or proposals with respect to any of the items described in paragraphs (a) through (j) of Item 4 of Schedule 13D. The Reporting Person has not formulated any plans or proposals which relate to or would result in any matter required to be disclosed in response to paragraphs (a) through (j) of Item 4 of Schedule 13D. However, the Reporting Person reserves the right to adopt such plans or proposals in the future.