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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 | ||||||||
Employee Stock Option (Right to Buy) | $ 0.62 | 09/01/2012 | A | 16,805 (1) | 03/01/2013 | 08/31/2022 | API Class A Common Stock | 16,805 | $ 0 | 16,805 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brewer Lance 2925 BOARDWALK ANN ARBOR, MI 48104 |
X |
Lance Brewer | 09/05/2012 | |
**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) | Represents options having a fair market value of $6,300 calculated in accordance with the Black-Scholes option pricing model, which options become exercisable as to all of the shares covered thereby on the six month anniversary of the grant date. Prior to the grant date, the Reporting Person irrevocably waived his right under the Company's 2007 Equity Incentive Plan to receive a portion of the stock options scheduled to be paid to him on September 1, 2012, and in lieu therof consented to receive the reported option grant together with an option grant having a fair market value of $4,200 (calculated in accordance with Black-Scholes option pricing model) under the Company's 2013 Equity Incentive Plan (the "2013 Plan"). The second grant is subject to the 2013 Plan receiving stockholder approval. |