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
PREMIER EXHIBITIONS, INC. [ PRXI ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/27/2008 | ||||||||||||||||||||||||||
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, $.0001 par value | 06/27/2008 | M | 83,167 | A | $2.15 | 83,167(1) | I | By wife, Judith Geller | ||
Common Stock, $.0001 par value | 2,179,800(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 | ||||||||
Stock Option (Right to Buy) | $0.4 | 01/26/2001 | 01/26/2011 | Common Stock, $.0001 par value | 75,000 | 75,000 | D | ||||||||
Stock Option (Right to Buy) | $0.4 | 02/01/2002 | 02/01/2012 | Common Stock, $.0001 par value | 500,000 | 500,000 | D | ||||||||
Stock Option (Right to Buy) | $0.32 | 12/12/2003 | 12/12/2013 | Common Stock, $.0001 par value | 75,000 | 75,000 | D | ||||||||
Stock Option (Right to Buy) | $2.15 | 06/27/2008 | M | 83,167 | (3) | 09/13/2015 | Common Stock, $.0001 par value | 83,167(3) | $0 | 0(3) | I | By wife, Judith Geller | |||
Stock Option (Right to Buy) | $4.31 | (4) | 04/11/2016 | Common Stock, $.0001 par value | 400,000(4) | 400,000(4) | D | ||||||||
Stock Option (Right to Buy) | $3.65 | (5) | 01/27/2016 | Common Stock, $.0001 par value | 75,000(5) | 75,000(5) | D |
Explanation of Responses: |
1. Excludes 1,267,300 shares held as tenancy by the entireties by Judith and Arnie Geller. |
2. Includes 1,267,300 shares held as tenancy by the entireties by Judith and Arnie Geller. |
3. This option was granted to Mr. Geller's wife, Judith Geller, and was previously reported by Mr. Geller. The option was exercisable by Mrs. Geller pro rata with respect to one third of the shares subject to the option on the first, second and third anniversaries of the 9/13/05 grant date. Pursuant to an agreement dated 6/27/08 between Mrs. Geller and the Company, the vesting of 16,500 shares subject to the option was accelerated and 16,833 shares subject to the option were forfeited. |
4. This option was previously reported by Mr. Geller. The option vests in equal monthly installments over the two-year period from 2/4/09 to 2/4/11. |
5. This option was previously reported by Mr. Geller. The option vests in thrity-six equal monthly installments from the 1/27/06 grant date. |
Remarks: |
/s/ Arnie Geller | 06/30/2008 | |
** 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. |