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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 Unit (DDCP) | (1) | 09/29/2010 | I(2) | 20,000 | (3) | (3) | Common Stock | 20,000 | $ 27.41 | 62,785.5 (4) | D | ||||
Stock Unit (DDCP) | (1) | 09/30/2010 | A | 530.666 | (3) | (3) | Common Stock | 530.666 | $ 27.23 | 63,316.166 (4) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
BERNTHAL FREDERICK M TWO N. NINTH STREET ALLENTOWN, PA 18101 |
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/s/Frederick C. Paine, as Attorney-In-Fact for Frederick M. Bernthal | 10/01/2010 | |
**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) | No conversion or exercise price applies as, under the terms of the Directors Deferred Compensation Plan (DDCP), payout of the underlying securities will occur following a director's retirement. |
(2) | Represents conversion under the DDCP of deferred compensation, held in the form of equivalent units of shares of the Company's Common Stock, to a cash equivalent account. Amounts credited to a cash equivalent account are held as deferred compensation until a director's retirement and valued based on the performance of certain alternative investment options other than Company Common Stock. The number of stock equivalent units credited to a director's account is determined at the time of payment based on the closing price of the Company's Common Stock on the New York Stock Exchange on the trading day immediately preceding the date of payment. Such conversions are permitted no more frequently than 6 months following any prior conversion, and only during Company open trading windows. |
(3) | Payout of the underlying securities occurs as noted above in Note 1. |
(4) | Total includes the reinvestment of dividends. |