FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
STAAR SURGICAL CO [ STAA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/02/2012 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 03/02/2012 | S | 100 | D | $10.94 | 57,900(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $10.95 | 57,800(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $10.98 | 57,700(1) | D | |||
Common Stock | 03/02/2012 | S | 200 | D | $10.99 | 57,500(1) | D | |||
Common Stock | 03/02/2012 | S | 600 | D | $11 | 56,900(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.01 | 56,800(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.02 | 56,700(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.03 | 56,600(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.04 | 56,500(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.05 | 56,400(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.06 | 56,300(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.1 | 56,200(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.1236 | 56,100(1) | D | |||
Common Stock | 03/02/2012 | S | 100 | D | $11.14 | 56,000(1)(2) | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
1. Includes 7,500 Performance Accelerated Restricted Shares (PARS), subject to forfeiture and vesting in a single installment on March 15, 2014, but subject to accelerated vesting as to 1/3 of the shares each year pursuant to achievement of certain performance criteria. |
2. Following the reported transactions Mr. Hughes' total beneficial ownership (as defined in Rule 13d-3 under the Exchange Act) is 132,665 shares of Common Stock, which includes 76,665 stock options that have vested or will vest within 60 days of this report and 7,500 PARS. As of the completion of the reported transactions Mr. Hughes also held 33,335 unvested stock options. |
Remarks: |
This Statement on Form 4 reports Mr. Hughes' sale of 2,000 shares of STAAR Common Stock on March 2, 2012 pursuant to a trading plan under Rule 10b5-1 entered into on December 8, 2011, for the purpose of paying withholding taxes that arise on the vesting of restricted shares. |
/s/ Charles Kaufman as Attorney-in-Fact for Robin Hughes | 03/06/2012 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* 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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
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 Number. |