FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
CHYRON CORP [ CHYR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/03/2011 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 01/04/2011 | M(1) | 19,373 | A | $0 | 2,138,122 | D | |||
Common Stock | 118,504 | I | Owned by or in trust Kelly children(4) | |||||||
Common Stock | 10,000 | I | Owned by controlled foundation(5) | |||||||
Common Stock | 10,000 | I | Owned by controlled foundation(6) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (3) | 01/03/2011 | M(2) | 18,294 | 01/02/2012 | 01/02/2012 | Common Stock | 18,294 | $0 | 37,667 | D | ||||
Restricted Stock Units | (3) | 01/04/2011 | M(1) | 19,373 | 01/04/2011 | 01/04/2011 | Common Stock | 19,373 | $0 | 18,294 | D |
Explanation of Responses: |
1. 19,373 shares of Chyron common stock in Table I were acquired upon settlement of equivalent number of Restricted Stock Units (RSUs) reported in Table II. RSUs were awarded 01/04/2010 as partial compensation for Board services through 01/04/2011. |
2. RSUs were awarded 01/03/2011 as partial compensation for Board service through the vesting date of 01/02/2012. |
3. Each Restricted Stock Unit represents a contingent right to receive one share of Chyron common stock on its vesting date at a zero exercise price. |
4. Includes shares beneficially held by Christopher R. Kelly as follows: 14,666 in Christopher R. Kelly's Children's Trust; 53,619 by his daughter, Oona Andrea Kelly; 45,219 by his daughter, Isabella Van Cortlandt Kelly; and 5,000 by his son Marco Kelly. |
5. Shares owned by Kelly Foundation of Washington, under control of Christopher R. Kelly. |
6. Shares owned by Christopher R. Kelly Family Foundation, under control of Christopher R. Kelly. |
Remarks: |
Christopher R. Kelly | 01/05/2011 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |