* |
If the form is filed by more than one reporting person, see Instruction 5(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) |
Includes 1,125,000 shares of restricted stock that vested upon the issuer's initial public offering. Quantity of Reporting Person's restricted shares that vested on the occurence of the issuer's initial public offering was based upon the price of the shares at the initial public offering. The 125,000 share reduction indicated on the Form 3/A filed on December 14, 2010 was based upon the $23 offering price being at a threshold below what was required for the 125,000 share additional award of restricted stock. Additionally, both the original Form 3 and Form 3/A failed to include an award by the board just prior to SEC effectiveness of 833,334 shares of restricted stock subject to the vesting conditions set forth in the next footnote. |
(2) |
The 833,334 shares of restricted stock will vest as follows: as to 416,667 shares, 20% of the shares will vest on each of July 1, 2011, 2012, 2013, 2014 and 2015; and, as to the performance-based award of 416,667 shares, 20% of which will vest upon the Issuer's common stock reaching, for a 30 day period, each of 1.25, 1.50, and 1.75 times the initial public offering price (for a total of 60%) and 40% of which will vest upon the Issuer's common stock reaching for a 30 day trading period, 2.00 times the public offering price. |
(3) |
Option vested as to 337,500 shares; option for remaining shares will vest as follows: on June 17, 2011 as to 168,750 shares, on June 17, 2012 as to 168,750 shares and on June 17, 2013 as to 75,000 shares. |
(4) |
Immediately prior to the closing of the issuer's initial public offering, all of issuer's outstanding preferred stock will be converted into issuer common stock in accordance with the terms disclosed in the issuer's Registration Statement dated December 14, 2010. |