4//SEC Filing
Shubin Stein Kenneth H 4
Accession 0001179110-10-016837
CIK 0000887969other
Filed
Dec 1, 7:00 PM ET
Accepted
Dec 2, 6:32 PM ET
Size
10.0 KB
Accession
0001179110-10-016837
Insider Transaction Report
Form 4
MRV COMMUNICATIONS INCMRVC.PK
Shubin Stein Kenneth H
Director
Transactions
- Purchase
Common Stock
2010-11-30$1.60/sh+1,064$1,702→ 466,110 total(indirect: See Footnote) - Sale
Common Stock
2010-11-30$1.60/sh−1,064$1,702→ 465,046 total(indirect: See Footnote) - Award
Non-Qualified Stock Option (Right to Buy)
2010-12-01$1.66/sh+105,738$175,525→ 183,469 totalExercise: $1.66From: 2011-06-01Exp: 2020-12-01→ Common Stock (105,738 underlying)
Footnotes (3)
- [F1]Dr. Shubin Stein beneficially owns 128,133 shares of common stock of MRV Communications, Inc. directly. In addition, he has sole trading and voting discretions as the managing member of Spencer Capital Management, LLC, which manages various accounts that hold 336,913 shares of MRV Communications, Inc. common stock including the reported transactions above. As the managing member of Spencer Capital Management, LLC, Dr. Shubin Stein may be deemed to be the beneficial owner of the 336,913 shares held in the managed accounts. Dr. Shubin Stein claims beneficial ownership of any of the shares included in this report to the extent of his pecuniary interest therein.
- [F2]Dr. Shubin Stein's sale of MRV Communications, Inc.'s common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 1,064 shares, with the reporting person's purchase of 1,064 shares of MRV Communications, Inc.'s common stock at a price of $1.27 per share on June 15, 2010. Even though the shares were only held indirectly through a managed account as disclosed in footnote (1), Dr. Shubin Stein has paid MRV Communications, Inc. $351.12, representing the full amount of the profit realized in connection with the short-swing transaction.
- [F3]Options vest in six months from the date of grant on 06/01/2011. The options expire ten years from the date of grant.
Documents
Issuer
MRV COMMUNICATIONS INC
CIK 0000887969
Entity typeother
Related Parties
1- filerCIK 0001345051
Filing Metadata
- Form type
- 4
- Filed
- Dec 1, 7:00 PM ET
- Accepted
- Dec 2, 6:32 PM ET
- Size
- 10.0 KB