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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 option (right to buy) | $ 6.92 | 12/29/2020 | A | 164,925 | (6) | 12/29/2030 | Common Stock | 164,925 | $ 0 | 164,925 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Stephan Dietrich A C/O 700 TECHNOLOGY DRIVE, THIRD FLOOR PITTSBURGH, PA 15219 |
X | X | President and CEO |
/s/ Dietrich Stephan | 12/30/2020 | |
**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) | Shares held by the reporting person as a tenant by the entirety with his spouse. |
(2) | This transaction involved a gift of securities by the reporting person to a revocable trust in which the reporting person is the grantor, trustee and sole beneficiary. |
(3) | This transaction involved a gift of securities by the reporting person to a revocable trust in which the spouse of the reporting person is the trustee and sole beneficiary. |
(4) | This transaction involved a gift of securities by the reporting person to an irrevocable trust in which the spouse of the reporting person is the investment trustee, and the spouse and the descendants of the reporting person are the beneficiaries of such irrevocable trust. It also involved a gift of securities by the reporting person's spouse to an irrevocable trust in which the reporting person is the investment trustee, and the reporting person and the descendants of the reporting person's spouse are the beneficiaries of such irrevocable trust. |
(5) | These shares are indirectly beneficially owned through the irrevocable trusts described immediately above. |
(6) | 25% of the total shares shall vest on the first anniversary of December 29, 2020, and the remaining shares shall vest on an equal monthly basis over the following 36 months. |