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
LASERCARD CORP [ LCRD ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/17/2008 | ||||||||||||||||||||||||||
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 | 11/17/2008 | J(1) | 1,266 | A | $3.38 | 19,095(2) | D |
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 | ||||||||
Stock Options (Right to buy) | $16.6875 | 09/22/2001 | 09/22/2010 | Common Stock | 20,000 | 20,000 | D | ||||||||
Stock Options (Right to buy) | $13.125 | 09/21/2002 | 09/21/2011 | Common Stock | 12,000 | 12,000 | D | ||||||||
Stock Options (Right to buy) | $17.675 | 06/06/2003 | 06/06/2012 | Common Stock | 35,000 | 35,000 | D | ||||||||
Stock Options (Right to buy) | $6.045 | 05/24/2006(3) | 05/24/2015 | Common Stock | 45,000 | 45,000 | D | ||||||||
Stock Options (Right to buy) | $16.785 | 05/24/2007(4) | 05/24/2013 | Common Stock | 30,000 | 30,000 | D | ||||||||
Stock Options (Right to buy) | $12.06 | 09/22/2007(4) | 09/22/2013 | Common Stock | 10,000 | 10,000 | D | ||||||||
Stock Options (Right to buy) | $10.4 | 09/21/2008(4) | 09/21/2014 | Common Stock | 30,000 | 30,000 | D | ||||||||
Stock Options (Right to buy) | $4.84 | (5) | 09/22/2018 | Common Stock | 100,000 | 100,000 | D |
Explanation of Responses: |
1. Exempt transaction under Rule 16b-3(c): acquisition of shares through LaserCard Corporation's Employee Stock Purchase Plan. |
2. 5,625 of these shares are restricted stock awards that vest in cumulative increments of one-third (1/3) each at the end of 24 months, 36 months, and 48 months from September 21, 2007. |
3. Option is exercisable in cumulative increments of one-fourth (1/4) each at the end of 12 months, 24 months, 36 months, and 48 months from date granted. The date indicated above is the date upon which the first increment becomes exercisable. |
4. Option is exercisable one-fourth at the end of 12 months, then an additional 1/16 each subsequent three months. The date indicated above is the date upon which the first increment becomes exercisable. |
5. Options may be exercisable upon the achievement of various stock price points in the marketplace as follows: 18,182 shares at $10; 18,181 shares at $13; 21,212 shares at $16; 21,212 shares at $19; and 21,213 shares at $22. In order to vest the shares, the closing price must achieve and hold the price points above a period of twenty (20) consecutive trading days. If after five years any of these options have failed to vest, then the unvested options will be rescinded at that point. |
Remarks: |
/s/Steven G. Larson | 11/18/2008 | |
** 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. |