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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 | |
DESAI ROHIT M 410 PARK AVENUE SUITE 830 NEW YORK, NY 10022 |
Director before 10-30-2006 |
/s/ Rohit M. Desai | 02/02/2007 | |
**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) | On October 23, 2006 Private Equity Investors III, L.P. ("PEI III") made a pro rata distribution of all of the shares of Class A Common Stock of the Issuer ("Shares") held by it to its limited partners and its general partner, for no additional consideration. In turn, the general partner of PEI III, Rohit M. Desai Associates III, LLC ("RMDA III"), distributed the Shares received by it to its members. PEI III distributed 4,936,832 Shares, of which 1,021,568 Shares were received and distributed by RMDA III. The aforementioned distributions are referred to collectively herein as the "Distributions". 584,950 of those Shares distributed by RMDA III were received by a trust, Irrevocable Trust No. 2 For Descendants of Rohit M. Desai (the "Trust"), for which Mr. Desai's wife serves as sole trustee. (Continued in Note (2) below) |
(2) | Mr. Desai may be deemed the beneficial owner of such 584,950 Shares held by the Trust, although he disclaims any such beneficial interest. Prior to the Distributions, Mr. Desai had historically reported an indirect ownership interest in all of the Shares held by PEI III (including the 584,950 Shares ultimately distributed to the Trust). Mr. Desai may have been deemed an indirect owner of all of such Shares based on his position as the managing member of RMDA III. If Mr. Desai were deemed to be the beneficial owner of the 584,950 Shares held by the Trust after giving effect to the Distributions, Mr. Desai would have merely exchanged one form of indirect interest in such Shares for another. Such exchange of interest does not constitute a purchase, pursuant to Rule 16a-13, and Mr. Desai was therefore not required to report any acquisition of Shares in connection with the Distributions. |
(3) | 34,750 of the Shares are subject to forfeiture. |
Remarks: Mr. Desai was a Director of the Issuer at the time of the filing of the Form 4 that is amended by this Form 4. Mr. Desai resigned from the Board of Directors of the Issuer on October 30, 2006. |