SEC Form 4
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*
SLATTERY FRANK P JR

(Last) (First) (Middle)
31 COLUMBIA

(Street)
ALISO VIEJO CA 92656

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CLARIENT, INC [ CLRT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
06/09/2010
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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
Clarient common stock 05/07/2007 P 7,500 A $1.98 316,859 D
Clarient common stock 05/07/2010 M 35,000 A $1.57 351,859 D
Clarient common stock 06/08/2010 A 10,000(4) A $0 361,859(5) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
Clarient common stock options (right to buy) $2.85 05/07/2010 M 35,000 (2) 06/11/2010 Clarient common stock 35,000 $0 90,000 D
Clarient common stock options (right to buy) $2.81 06/08/2010 A 15,000 (1) 06/08/2020 Clarient common stock options (right to buy) 15,000 $2.81 105,000(3) D
Explanation of Responses:
1. 25% of options vest on June 30, 2010, and quarterly thereafter over 3 quarters (beginning with the quarter ended September 30, 2010).
2. 25% of options vest on June 11, 2003, and quarterly thereafter over 3 quarters (beginning with the quarter ended September 30, 20003).
3. This amendment is being filed to correct the number of derivative securities reported in Box 9. The Form 4 filed on June 9, 2010 inadvertently included 35,000 shares underlying the option, which were previously exercised on May 7, 2010.
4. 10,000 restricted stock awards cliff vest on June 30, 2011.
5. This amendment amends each of the Form 4s filed by the reporting person from and including May 7, 2007 to correct the amount of securities beneficially owned, as reported in Table I, Box 5. This amendment is being filed to report the purchase of 7,500 shares on 5/7/2007, as reflected in Table I, as well as the exercise of 35,000 options on 5/7/2010. Form 4s filed by the reporting person from March 12, 2010 until June 8, 2010 underreported the total amount of securities held by the reporting person by 42,500 shares. Additionally, due to a mathematical error, the amount of securities in Table I, Box 5 for the Form 4 filed on 3/15/2010 (as well as subsequent filings) underreported the total securities held by the reporting person by 14,500 shares.
Daniel Dendinger, agent for Frank P. Slattery, Jr. 11/04/2010
** 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).
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