|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT 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 |
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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) |
||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | $ 0 | 06/17/2023 | M | 15,635 | (4) | 12/31/2029 | Common Stock | 15,635 | $ 0 | 0 | D | ||||
| Restricted Stock Units | $ 0 | 06/18/2023 | M | 6,684 | (5) | 12/31/2029 | Common Stock | 6,684 | $ 0 | 6,683 | D | ||||
| Performance Based Stock Units | $ 0 | 06/19/2023 | A | 139,953 | (6) | 06/30/2026 | Common Stock | 139,953 | $ 0 | 139,953 | D | ||||
| Performance Based Restricted Stock | $ 0 | 06/20/2023 | M | 27,058 (3) | 06/20/2023 | 06/30/2023 | Common Stock | 27,058 | $ 0 | 0 | D | ||||
| Restricted Stock Units | $ 0 | 06/20/2023 | M | 12,687 | (7) | 12/31/2025 | Common Stock | 12,687 | $ 0 | 25,374 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| SELWYN JOFFE 2929 CALIFORNIA STREET TORRANCE, CA 90503 |
X | President, CEO & Chairman | ||
| /s/ Selwyn Joffe | 07/19/2024 | |
| **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) | Used to pay taxes upon vesting of RSUs. |
| (2) | Sold to pay taxes on Performance Based Restricted Stock Award. |
| (3) | This amended Form 4 is being filed to correct an error in the number of shares vested from Mr. Joffe's Performance Based Restricted Stock grant of June 20, 2022. He met 27.06% of the performance criteria and thus vested in 27,058 shares of common stock, instead of 19,657 shares as reported on his June 21, 2023 form 4 filing. |
| (4) | Vesting 1/3 each year for 3 years from grant date. beginning on 17-Jun-2020 |
| (5) | Vesting 1/3 each year for 3 years from grant date. beginning on 18-Jun-2021 |
| (6) | These Performance Based Stock Units will vest 1/3 when the Company Common Stock price reaches $10/share for at least 30 days, another 1/3 will vest when the Company Common Stock price reaches $15 for at least 30 days, the last 1/3 of the grant will vest when the Company Stock price reaches $20/share for at least 30 days. The last 1/3 may vest at 50%-100% if the Common Stock price reaches between $17.50 - $20 for at least 30 days, and may vest at 100%- 150% if the Common Stock price reaches between $20-$25 for at least 30 days. |
| (7) | Vesting 1/3 each year for 3 years from grant date. beginning on 20-Jun-2022 |