-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hj+PL2MZIB+xg/HF+HY0KZvEApSJBD0SC5GQYJYa7BWEFPvTuc150QdcLRoXT1iv ysZ/IUHPU3ulLvkUzj4sqw== 0001202301-07-000001.txt : 20070430 0001202301-07-000001.hdr.sgml : 20070430 20070430194521 ACCESSION NUMBER: 0001202301-07-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070427 FILED AS OF DATE: 20070430 DATE AS OF CHANGE: 20070430 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: REFAC OPTICAL GROUP CENTRAL INDEX KEY: 0000082788 STANDARD INDUSTRIAL CLASSIFICATION: PATENT OWNERS & LESSORS [6794] IRS NUMBER: 131681234 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 BUSINESS ADDRESS: STREET 1: 5 HARMON DRIVE CITY: BLACKWOOD STATE: NJ ZIP: 08012 BUSINESS PHONE: 856-228-0077 MAIL ADDRESS: STREET 1: 5 HARMON DRIVE CITY: BLACKWOOD STATE: NJ ZIP: 08012 FORMER COMPANY: FORMER CONFORMED NAME: REFAC DATE OF NAME CHANGE: 19990813 FORMER COMPANY: FORMER CONFORMED NAME: REFAC TECHNOLOGY DEVELOPMENT CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCES & FACILITIES CORP DATE OF NAME CHANGE: 19740509 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PIERSON J DAVID CENTRAL INDEX KEY: 0001202301 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-12776 FILM NUMBER: 07802782 BUSINESS ADDRESS: STREET 1: CPI STREET 2: 1706 WASHINGTON AVE CITY: ST LOUIS STATE: MI ZIP: 63013 BUSINESS PHONE: 314 231 1575 MAIL ADDRESS: STREET 1: CPI CORP STREET 2: 1706 WASHINGTON AVE CITY: ST LOUIS STATE: MI ZIP: 63103 4 1 primary_doc.xml PRIMARY DOCUMENT X0202 4 2007-04-27 0 0000082788 REFAC OPTICAL GROUP ref 0001202301 PIERSON J DAVID 5 HARMON DRIVE BLACKWOOD NJ 08012 1 1 0 0 President and CEO Option to acquire common stock 4.92 2007-04-27 4 J 0 150000 0 D 2005-06-20 2010-06-20 Common Stock 150000 0 D The options (vested and unvested) were cancelled and purchased by Refac for $162,000 pursuant to an option and cancellation agreement between ROG Acquisition, Inc. ("ROG") and Mr. Pierson which required such options to be purchased promptly after the merger of ROG with and into Refac. One-third of the options became vested and exercisable as of the date of grant on June 20, 2005. The remaining options were to vest and become exercisable with respect to an additional one-third (l/3) of the total grant on each of the second and third anniversaries of the date of grant, provided that Mr. Pierson was employed by Refac on such date. In the event of a change of control (as defined in the 2003 Stock Incentive Plan) or in the event that Mr. Pierson's employment with Refac was terminated (i) by Mr. Pierson for Good Reason (as defined in the Employment Agreement), (ii) by Refac without Cause (as defined in the Employment Agreement), or (iii) due to Mr. Pierson's death or Disability (as defined in the Employment Agreement), then all shares subject to the option were to immediately vest and become exercisable. J. David Pierson 2007-04-27 -----END PRIVACY-ENHANCED MESSAGE-----