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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 (2) | $ 13.34 | (2) | 05/11/2011 | Common Stock | 23,603 | 23,603 | D | ||||||||
Stock Appreciation Rights (3) | $ 9.52 | (3) | 03/30/2012 | Common Stock | 42,400 | 66,003 | D | ||||||||
Stock Appreciation Rights (4) | $ 7.73 | (4) | 02/27/2013 | Common Stock | 56,883 | 122,886 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Marquard Michael C/O PDI INC. SADDLE RIVER EXEC CENTRE, 1 RT 17 SOUTH SADDLE RIVER, NJ 07458 |
CEO |
Michael Marquard | 06/13/2008 | |
**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) | Consists of 26,261 restricted shares of common stock that vest on March 30, 2010 and 32,342 restricted shares of common stock that vest on February 27, 2011. |
(2) | Two-thirds of the stock-appreciation rights are currently exercisable and one-third will become exercisable on 5/11/09. |
(3) | One-third of the stock-appreciation rights is currently exercisable and one-third will become exercisable on each of 3/30/09 and 3/30/10. |
(4) | One-third of the stock-appreciation rights will become exercisable on each of 2/27/09, 2/27/10, and 2/27/11. |