01/16/2025 | Press release | Distributed by Public on 01/16/2025 18:46
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT 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 | ||||||||
Class B Common Stock | (3) | 01/14/2025 | J(1) | 143,000 | (3) | (3) | Class A Common Stock | 143,000 | (3) | 263,026 | D | ||||
Class B Common Stock | (3) | 01/14/2025 | J(1) | 143,000 | (3) | (3) | Class A Common Stock | 40,000 | (3) | 548,236 | I | See Footnote(2) | |||
Class B Common Stock | (3) | (3) | (3) | Class A Common Stock | 0 | 91,676 | I | See Footnote(4) | |||||||
Class B Common Stock | (3) | (3) | (3) | Class A Common Stock | 0 | 133,120 | I | See Footnote(5) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SUMAS NICHOLAS JAMES 733 MOUNTAIN AVENUE SPRINGFIELD, NJ 07081 |
X | President / Chairman | Member of 10% owner group |
/s/ John Van Orden, attorney-in-fact for Nicholas James Sumas | 01/16/2025 |
**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) | The shares of Class A Common Stock were transferred on a one-for-one basis for shares of Class B Common Stock for no additional consideration in a private transaction. |
(2) | The securities are held directly by the Robert Sumas Family LLC, of which Robert Sumas and Nicholas Sumas are managers. The Reporting Person, his wife and trusts for their children collectively own a majority interest of the Robert Sumas LLC. |
(3) | Each share of Class B Common Stock is convertible for one share of Class A Common Stock at the option of the holder at any time. |
(4) | The securities are held directly by a spousal trust for the benefit of Robert Sumas, of which the Reporting Person is a co-trustee. |
(5) | The securities are held directly by two trusts for the benefit of the grandchildren of Robert Sumas. |