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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Appreciation Rights | $ 6.63 | (3) | 01/30/2017 | Common Stock | 21,478 | 21,478 | D | ||||||||
Stock Appreciation Rights | $ 5.44 | (4) | 04/04/2018 | Common Stock | 30,364 | 51,842 | D | ||||||||
Stock Appreciation Rights | $ 5.13 | (5) | 02/25/2019 | Common Stock | 57,107 | 108,949 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Melillo Gerald R JR C/O PDI INC., MORRIS CORPORATE CENTER 1, 300 INTERPACE PARKWAY PARSIPPANY, NJ 07054 |
President, Sales Services |
Gerald Melillo | 12/04/2015 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Includes 122,484 restricted shares of common stock. The outstanding shares of restricted stock will vest upon the closing of the proposed sale of the Company's CSO segment, if the closing occurs on or before February 28, 2016. If such sale does not close on or before February 28, 2016, Mr. Melillo will forfeit all of his outstanding shares of restricted stock. |
(2) | Sales of common stock on the open market. |
(3) | Exercisable. |
(4) | Stock appreciation rights that are two-thirds vested. The remaining one-third will vest and become exercisable upon the closing of the proposed sale of the Company's CSO segment, if the closing occurs on or before February 28, 2016. If such sale does not close on or before February 28, 2016, Mr. Melillo will forfeit all of his outstanding SARs. |
(5) | Stock appreciation rights that are one-third vested. The remaining two-thirds will vest and become exercisable upon the closing of the proposed sale of the Company's CSO segment, if the closing occurs on or before February 28, 2016. If such sale does not close on or before February 28, 2016, Mr. Melillo will forfeit all of his outstanding SARs. |
Remarks: Mr. Melillo's last day of employment with PDI was December 1, 2015. |