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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 | |
McConnell Michael J COLLECTORS UNIVERSE, INC. P.O. BOX 6280 NEWPORT BEACH, CA 92658 |
X | Chief Executive Officer |
Christine Kakour | 09/21/2011 | |
**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) | Restricted shares awarded under the 2006 Equity Incentive Plan (a Section 16b-3 plan), all of which are currently subject to the risk of forfeiture. A total of 12,500, or 50%, of these shares will cease to be subject to that risk of forfeiture (that is, will vest) over a two-year period in 8 installments on the last day of each quarter, commencing on September 30, 2011, so long as the Reporting Person is still in the Issuer's service on that quarter-end date. |
(2) | The remaining 12,500 shares (the Performance-Based Shares) will not vest and will be forfeited unless the Issuer achieves an operating income goal for fiscal 2012 that has been previously established by the Compensation Committee and the Reporting Person is still in the service of the Issuer on that date (the vesting conditions). If, on the other hand, both of these vesting conditions are met, then 4,166 of the 12,500 Performance-Based Shares will vest at that time, and the remaining 8,334 of those shares will vest in two equal annual installments of 4,167 shares each on June 30, 2013 and June 30, 2014, respectively, provided that, in each case, the Reporting Person is in the Issuer's service on such date. |