|
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 |
|
| |||||||||||||||||||||||||||||
|
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 Unit (RSU) | (1) | 08/10/2011 | A | 71,500 | (2) | 08/15/2014 | Common Stock | 71,500 | $ 0 | 71,500 | D | ||||
Restricted Stock Unit (RSU) | (1) | 08/10/2011 | A | 58,500 | (3) | (3) | Common Stock | 58,500 | $ 0 | 58,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GECHT GUY 303 VELOCITY WAY FOSTER CITY, CA 94404 |
X | Chief Executive Officer |
/s/ GUY GECHT | 08/12/2011 | |
**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) | Each restricted stock unit represents a contingent right to receive on vesting one share of the issuer's common stock. |
(2) | This is a performance-based award. One-third of the award will vest if the company achieves revenue of $610 million representing 21% revenue growth over 2010 levels and non-GAAP operating income of 12% over four consecutive quarters by the end of the issuer's fourth fiscal quarter of 2012; one-third of the award will vest if the company achieves revenue of $655 million representing 30% revenue growth over 2010 levels and non-GAAP operating income of 13% over four consecutive quarters by the end of the issuer's second fiscal quarter of 2013; and one-third of the award will vest if the company achieves revenue of $706 million representing 40% revenue growth from 2010 levels and non-GAAP operating income of 15% over four consecutive quarters by the end of the issuer's second fiscal quarter of 2014. In each case, vesting of the award is subject to Mr. Gecht's continued employment with the issuer through the applicable vesting date. |
(3) | This restricted stock unit award will vest with respect to one-third of the award on each of August 15, 2012, August 15, 2013 and August 15, 2014, subject to Mr. Gecht's continued employment with the issuer through the applicable vesting date. |