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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 | ||||||||
| Options | $ 4.09 | 09/18/2003 | A | 8,200 | 09/18/2004 | 09/18/2013 | Common Stock, $1.00 Par Value | 8,200 | $ 99.99 (1) | 8,200 (2) | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| TUCKER HUGH F 28912 TOP OF THE WORLD DR LAGUNA BEACH, CA 92651 |
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| HUGH F. TUCKER | 09/19/2003 | |
| **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) | Options were granted to the reporting person in consideration of his service as an executive officer of the Company. Options were granted at an exercise price equal to the fair market value of the Common Stock on the date of grant. |
| (2) | In addition, Mr. Tucker was granted an option to purchase 54,000 shares exercisable at $2.3125, which is fully exercisable and expires on 9/10/2006. Also, he was granted an option to purchase 8,200 shares exercisable at $2.99, of which 2,050 shares are presently exercisable, 2,050 become exercisable on 9/18/2004, 2,050 shares become exercisable on 9/18/2005 and 2,050 shares become exercisable on 9/18/2006. This option expires on 09/18/2012. Also, the reporting person was granted an option to purchase 8,200 shares at $7.98 of which 2,050 shares are presently exercisable and 2,050 shares will become first exercisable on 11/26/2003, 2,050 shares on 11/26/2004 and 2,050 shares on 11/26/2005. This option expires on 11/26/2011. |