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* The filing of this Amendment No.3 is not required pursuant to Rule 13d-2(a). It is being filed merely to update the beneficial ownership of the reporting person.
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CUSIP No. 928703107
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Page 2 of 5
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1. Names of Reporting Persons.
I.R.S. Identification Nos. of above persons (entities only). Lloyd Frank
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2. Check the Appropriate Box if a Member of a Group (See Instructions)
(a) o
(b) x
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3. SEC Use Only
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4. Source of Funds: OO
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5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o
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6. Citizenship or Place of Organization United States
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Number of
Shares Beneficially Owned by Each
Reporting
Person With
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7. Sole Voting Power 14,300
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8. Shared Voting Power 1,174,940
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9. Sole Dispositive Power 14,300
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10. Shared Dispositive Power 1,174,940
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11. Aggregate Amount Beneficially Owned by Each Reporting Person
1,189,240
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12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) x
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13. Percent of Class Represented by Amount in Row (11)
5.7%
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14. Type of Reporting Person (See Instructions) IN
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CUSIP No. 928703107
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Page 3 of 5
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sole power to vote or to direct the vote is
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14,300
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shared power to vote or direct the vote is
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1,174,940
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sole power to dispose or to direct the disposition of is
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14,300
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shared power to dispose or to direct the disposition of is
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1,174,940
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CUSIP No. 928703107
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Page 4 of 5
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(i)
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On March 1, 2012, 27,027 shares subject to a trust for the benefit of a grandchild of Jerome Shaw, of which trust the reporting person is co-trustee with Steve Shaw and Michael Shaw, were distributed to that grandchild (in addition to the previously reported 27,027 distributed by the trust to that grandchild on February 14, 2012). As a result of this transaction, the reporting person’s shared voting and dispositive power decreased by 27,027 shares.
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CUSIP No. 928703107
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Page 5 of 5
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(ii)
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On March 5, 2012, Jerome Shaw gifted 100,000 shares to a trust for the benefit of his daughter, of which trust the reporting person was co-trustee with Steven Shaw, Michael Shaw and Rachel Shaw. As a result of this transaction, the reporting person’s shared voting and dispositive power increased by 100,000 shares.
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/s/ Lloyd Frank | ||
Lloyd Frank
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