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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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Rosebrough Walter M Jr 5960 HEISLEY ROAD MENTOR, OH 44060 |
X | President & CEO |
Dennis P. Patton, Authorized Representative under Power of Attorney | 05/25/2011 | |
**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) | This open market sale of a total of 3,400 Common Shares is for the purpose of providing for the taxes payable upon the vesting of 24,000 restricted shares and is made pursuant to a Rule 10b5-1 Stock Trading Plan entered into by the Reporting Person on February 18, 2011. |
(2) | This represents the average sales price of the shares sold. The actual 13 sales prices ranged from $34.99 per share to $35.21 per share. Issuer, upon request by the SEC staff, will provide full information regarding the number of shares sold at each of these 13 sales prices. |
(3) | Mr. Rosebrough elected to have 7,668 shares withheld from the 24,000 restricted shares that were awarded to him on May 21, 2008 and which vested on May 23, 2011. These shares were valued as of the NYSE closing market price on May 23, 2011. |
(4) | 59,000 of these Common Shares are restricted. The restrictions on these Common Shares lapse as follows: 24,000 on May 21, 2012 and 35,000 on May 20, 2014. |