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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 | ||||||||
Restricted Stock (Class B Common Stock) | $ 0 (3) (4) | 03/21/2006 | A | 21,231 | (3) | (3) | Class A Common Stock | 21,231 (4) | $ 0 (3) | 2,390,808 | D | ||||
Employee Stock Option(rt to buy) | $ 9 | 03/21/2006 | A | 95,542 | (5) | 03/21/2016 | Class B Common Stk | 95,542 | $ 0 | 95,542 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CHRISTIAN EDWARD K 73 KERCHEVAL AVENUE GROSSE POINTE FARMS, MI 48236 |
X | X | Chairman, President and CEO |
Fred B. Green as attorney-in-fact | 03/23/2006 | |
**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) | Held by living trust of which reporting person is trustee. |
(2) | Held by trust for benefit of granddaughter for which reporting person acts as trustee. |
(3) | Grant of restricted stock (Class B Common Stock) which lapses in 20% increments on March 1, 2007, 2008, 2009, 2010 and 2011 unless reporting person is not an employee on the applicable date. Any restricted stock which has not lapsed is forfeited. Notwithstanding the above, if reporting person is an employee upon the occurrence of a change in control, all restricted stock shall lapse. |
(4) | The restricted stock is Class B Common Stock which is convertible into Class A Common Stock on a 1-for-1 basis. |
(5) | Options become exercisable in 20% increments on each of March 1, 2007, 2008, 2009, 2010 and 2011. |
Remarks: In the June 14, 2005 Form 4, with respect to the employee stock option (right to buy), column 8 disclosed a price of $14.70. The price should have been disclosed as $0. |