SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE
Section 16(a) of the Securities Exchange Act of 1934 requires our directors and executive officers, as well as persons who beneficially own more than 10% of a registered class of our equity securities, to file with the SEC reports regarding their initial ownership and changes in their beneficial ownership of our securities. Directors, executive officers, and greater than 10% beneficial owners of our Class A Common Stock are required by SEC regulations to furnish us with copies of all Section 16(a) forms they file. Based solely upon a review of the copies of such forms furnished to us, or written representations that no forms were required, we believe that, during the fiscal year ended August 31, 2014, our directors, officers and beneficial owners of greater than 10% of our Class A Common Stock complied with the filing requirements of Section 16(a), with the exceptions noted below:
An amended Form 4 report was filed by the Company on behalf of Gregory Cappelli on June 3, 2014 with respect to the April 13, 2014 withholding of 36,672 shares to satisfy our tax withholding obligation upon the vesting of RSUs and the issuance of the underlying shares of our Class A Common Stock. The reported shares withheld were adjusted to correct the amount originally disclosed in a prior Form 4 report.
A Form 4 report was filed by the Company on behalf of Sean Martin on September 4, 2014 which included a correction to the Form 4 filed on August 14, 2014 with respect to 7,188 shares that were inadvertently included in both Mr. Martin’s direct and indirect beneficial ownership holdings.