0001214305-12-000015.txt : 20120810
0001214305-12-000015.hdr.sgml : 20120810
20120810204434
ACCESSION NUMBER: 0001214305-12-000015
CONFORMED SUBMISSION TYPE: 5
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20120630
FILED AS OF DATE: 20120810
DATE AS OF CHANGE: 20120810
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: INTERGROUP CORP
CENTRAL INDEX KEY: 0000069422
STANDARD INDUSTRIAL CLASSIFICATION: OPERATORS OF APARTMENT BUILDINGS [6513]
IRS NUMBER: 133293645
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0630
BUSINESS ADDRESS:
STREET 1: 10940 WILSHIRE BLVD.
STREET 2: SUITE 2150
CITY: LOS ANGELES
STATE: CA
ZIP: 90024
BUSINESS PHONE: (310) 889-2500
MAIL ADDRESS:
STREET 1: 10940 WILSHIRE BLVD.
STREET 2: SUITE 2150
CITY: LOS ANGELES
STATE: CA
ZIP: 90024
FORMER COMPANY:
FORMER CONFORMED NAME: MUTUAL REAL ESTATE INVESTMENT TRUST
DATE OF NAME CHANGE: 19860408
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WINFIELD JOHN V
CENTRAL INDEX KEY: 0000935390
FILING VALUES:
FORM TYPE: 5
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-10324
FILM NUMBER: 121025804
MAIL ADDRESS:
STREET 1: THE INTERGROUP CORPORATION
STREET 2: 10940 WILSHIRE BLVD., SUITE 2150
CITY: LOS ANGELES
STATE: CA
ZIP: 90024
5
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
5
2012-06-30
0
0
1
0000069422
INTERGROUP CORP
INTG
0000935390
WINFIELD JOHN V
THE INTERGROUP CORPORATION
10940 WILSHIRE BLVD., SUITE 2150
LOS ANGELES
CA
90024
1
1
1
0
President & CEO
Common Stock
1457522
D
Employee Stock Options (Right to Buy)
19.77
2012-02-28
4
A
0
L
90000
0
A
2022-02-27
Common Stock
90000
90000
D
Employee Stock Options (Right to Buy)
10.3
2020-03-15
Common Stock
100000
100000
D
Grant of stock options pursuant to The InterGroup Corporation 2010 Omnibus Employee Incentive Plan. Although the grant of stock options to the Company's President and CEO was timely reported on a Form 8-K, a Form 4 report was inadvertantly not filed at that time on his behalf.
Stock options have time and performance vesting requirements, both of which have to be met for the options to be fully vested and exercisable. Under the time vesting requirements, 18,000 options will vest each year on the aniversary date of the grant for the next five years. Under the performance vesting requirements, the options will vest in increments of 18,000 shares upon each increase of $2.00 or more in the fair market value of the Company's Common Stock above the exercise price of the options. To satisfy this performance requirement, the Common Stock must trade at that increased level for a period of at least 10 trading days during any one quarter.
Stock options have time and performance vesting requirements, both of which have to be met for the options to be fully vested and exercisable. Under the time vesting requirements, 20,000 options will vest each year on the aniversary date of the grant (March 16, 2010) over a period of five years. Under the performance vesting requirements, the options will vest in increments of 20,000 shares upon each increase of $2.00 or more in the fair market value of the Company's common stock above the exercise price of the options. To satisfy this performance requirement, the Common Stock must trade at that increased level for a period of at least 10 trading days during any one quarter. As of June 30, 2012, the performance vesting requirements for these options had been met.
/s/ Michael G. Zybala, Attorney-in-Fact
2012-08-10