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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 Options (right to buy) | $ 7.99 | 06/24/2013 | D(6) | 9,101 | (2) | 10/30/2013 | Common Stock | 9,101 | $ 7.99 | 32,900 | D | ||||
Stock Options (right to buy) | $ 4.86 | 06/24/2013 | D(6) | 15,000 | (3) | 02/02/2016 | Common Stock | 15,000 | $ 4.86 | 17,900 | D | ||||
Stock Options (right to buy) | $ 6 | 06/24/2013 | D(6) | 8,000 | (4) | 11/08/2017 | Common Stock | 8,000 | $ 6 | 9,900 | D | ||||
Stock Options (right to buy) | $ 9.6 | 06/24/2013 | D(6) | 9,900 | (5) | 12/10/2018 | Common Stock | 9,900 | $ 9.6 | 0 | D | ||||
Restricted Stock Units (7) | (7) | 06/24/2013 | D | 7,527 | (7) | (7) | Common Stock | 7,527 | (7) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Deering Robert 311 S. WACKER DRIVE SUITE 4300 CHICAGO, IL 60606 |
CAO & Controller |
/s/ Robert Deering | 06/24/2013 | |
**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) | These holdings of Telular common stock are by the son of the Reporting Person. The Reporting person disclaims beneficial ownership of all securities benefically owned or deemed to be beneficially owned directly or indirectly by his son, including these securities, and this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 or any other purpose, the beneficial owner of such securitites. |
(2) | These options were vested 33% on 10/30/2008; 33% on 10/30/2009; and 34% on 10/30/2010. |
(3) | These options were vested 1/6 on the six month anniversary of the grant date, 02/02/2010, then 1/36 each month thereafter through 02/02/2013. |
(4) | These options were vested 1/6 on the six month anniversary of the grant date, 11/08/2011, then 1/36 each month thereafter through 11/08/2014. |
(5) | These options were vested 1/6 on the six month anniversary of the grant date, 12/10/12, then 1/36 each month thereafter through 12/10/2015. |
(6) | Disposed of pursuant to the Agreemnt and Plan of Merger dated April 29, 2013 between Telular Corporation, ACP Tower Holdings, LLC and ACP Tower Merger Sub, Inc.The Reporting Person will receive the difference between $12.61 and the respective exercise price per option. |
(7) | Each restricted stock unit ("RSU") represents a contingent right to receive one share of Telular common stock. These RSUs were granted to the Reporting Person pursuant to achieving fiscal years 2011 and 2012 performance measurements and a grant in fiscal year 2013 for perfromamnce mearsurements not yet achieved. Pursuant to the Agreement and Plan of Merger, all RSUs, earned and unearned, will be canceled and converted into rights to receive, in cash, $12.61 per unit. Unearned performance-based RSUs vested at target levels in accordance with the Agreement and Plan of Merger. |