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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 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 Units | (1) | 02/11/2020 | A | 735 | (4) | (4) | Common Stock | 735 | $ 0 | 735 | D | ||||
Restricted Stock Units | (1) | 03/10/2021 | M | 128 | (5) | (5) | Common Stock | 128 | $ 0 | 258 | D | ||||
Restricted Stock Units | (1) | 03/10/2021 | M | 404 | (6) | (6) | Common Stock | 404 | $ 0 | 1,218 | D | ||||
Restricted Stock Units | (1) | 03/01/2021 | M | 147 | (7) | (7) | Common Stock | 147 | $ 0 | 588 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Schwarz Kurt Henry C/O MARCUS & MILLICHAP, INC. 23975 PARK SORRENTO, SUITE 400 CALABASAS, CA 91302 |
Chief Accounting Officer |
/s/ Kurt H. Schwarz | 03/12/2021 | |
**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 one share of the Issuer's common stock. |
(2) | Voting and investment power over the shares held by The Schwarz Family Trust dated September 25, 2003 is exercised by the reporting person, as one of the trustees. |
(3) | Shares withheld by the Issuer in payment of the withholding tax liability incurred upon the above-reported settlement of RSUs. The amount of shares withheld is based on the closing sale price on March 10, 2021. |
(4) | The restricted stock units vest in five equal annual installments beginning March 10, 2021. |
(5) | The Reporting Person was granted 642 restricted stock units, which vest in five equal annual installments beginning March 10, 2019. |
(6) | The Reporting Person was granted 2,026 restricted stock units, which vest in five equal annual installments beginning March 10, 2020. |
(7) | The Reporting Person was granted 735 restricted stock units, which vest in five equal annual installments beginning March 10, 2021. |