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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 | ||||||||
STOCK OPTION (4) | $ 23.98 | 02/22/2007 | M | 20,000 | (5) | 12/14/2015 | COMMON STOCK | 20,000 | $ 23.98 | 80,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Kruger Logan W 2511 GARDEN ROAD BLDG A, SUITE 200 MONTEREY, CA 93940 |
X | PRESIDENT & CEO |
William J. Leatherberry, Attorney-in-fact for Logan W. Kruger | 02/26/2007 | |
**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) | Represents the sale of 10,500 shares in 18 separate transactions at prices ranging from $48.24 to $48.36 per share, resulting in an average sale price per share of $48.29. |
(2) | Includes 25,000 service based performance shares that vest on January 1, 2008. |
(3) | Reported by 401(k) trustee as of February 23, 2007. |
(4) | Grant of 100,000 employee stock options made December 14, 2005. |
(5) | Options vest and become exercisable in three installments, one-third on the first anniversary of the grant date, one-third on the second anniversary of grant date, and one-third on the third anniversary of the grant date. |
(6) | Represents the sale of 20,000 shares in 128 separate transactions at prices ranging from $48.89 to $49.67 per share, resulting in an average sale price per share of $49.30. |