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(a) Total
Number of
Shares (or
Units)
Purchased
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(b) Range of
Prices Paid per
Share
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(c) Average
Price Paid per
Share
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Fiscal Year Ended June 30, 2008
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First quarter
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Second quarter
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Third quarter
(though February 15, 2008)
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Fiscal Year Ended June 30, 2007
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First quarter
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Second quarter
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6,548
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$
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8.35 - $9.45
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$
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8.46
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Third quarter
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6,000
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$
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12.88
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$
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12.88
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Fourth quarter
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28,557
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$
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12.55 - $14.15
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$
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13.03
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Fiscal Year Ended June 30, 2006
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First quarter
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100,619
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$
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6.79 - $7.15
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$
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7.15
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Second quarter
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30,000
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$
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7.50 - $8.09
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$
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7.71
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Third quarter
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27,838
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$
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7.73 - $8.28
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$
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7.87
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Fourth quarter
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In
addition, during the last two years, none of our directors or executive
officers have purchased shares of our common stock except as follows:
On March 14, 2006 and June 20, 2006, respectively, Anthony Christon, our Vice
President and Chief Financial Officer, acquired 3,700 and 3,800 shares,
respectively, of our common stock upon the exercise of stock options previously
granted under a stockholder approved stock option plan of the Company, in each
case at an exercise price per share of $4.0625;
On November 8, 2006, Richard Chestnov, a director of the Company, acquired
2,000 shares of our common stock upon the exercise of a stock option previously
granted under a stockholder approved stock option plan of the Company at an
exercise price of $5.125 per share, and on February 15, 2007, Richard Chestnov
acquired 16,000 shares of our common stock upon the exercise of stock options
previously granted under a stockholder approved stock option plan of the
Company at exercise prices per share ranging from $2.42 to $6.70; and
On June 7, 2007, Robert Chestnov, our President and Chief Executive Officer,
acquired 15,000 shares of our common stock upon the exercise of a stock option
previously granted under a stockholder approved stock option plan of the
Company at an exercise price per share of $7.70.
D
irectors and Executive
Officers
The
following sets forth certain information concerning our current directors and
executive officers:
65
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Name
|
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Age
|
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Position
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Abe Ginsburg
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90
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Chairman of the Executive Committee
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Allan Ginsburg
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65
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Chairman of the Board
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Robert Chestnov
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59
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President, Chief Executive Officer and Director
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Howard Ginsburg
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65
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Vice Chairman of the Board
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Martin Brody
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86
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Director
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Richard Chestnov
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62
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Director
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Albert Safer
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59
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Director
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Norman Axelrod
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55
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|
Director
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Harold Schechter
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63
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Director
|
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Anthony Christon
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62
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Chief Financial Officer
|
Information
Concerning the Board of Directors and Executive Officers
The
business experience during the last five years of the directors of the Company
is as follows:
Abe
Ginsburg has been Chairman of the Executive Committee of the Company since
November 29, 1988.
Allan
Ginsburg has been Chairman of the Board of the Company since November 29, 1988.
Robert
Chestnov has been the President and Chief Executive Officer of the Company
since November 29, 1988.
Howard
Ginsburg has been Vice Chairman of the Board of the Company since November 29,
1988.
Martin
Brody has been a private investor since his retirement on January 1, 1994. From
April 1990 through December 1993, Mr. Brody was Vice Chairman of the Board of
Restaurant Associates Corporation, the owner and operator of specialty
restaurants, and was Chairman of its Board for more than five years prior
thereto. Mr. Brody also serves as a director of a number of Salomon Smith
Barney mutual funds and preferred income funds.
Richard
Chestnov has been a private investor since 1992. Before then, he was a partner
of Chego International, an apparel importer.
Albert
Safer has been President of Safer Textile Processing and Kuttner Prints,
textile mills, for more than the past five years. Mr. Safer has also served as
President of Safer Development and Management, which is engaged in real estate
development and management, for more than the past five years.
Norman
Axelrod has been Chairman of the Board of Directors of General Nutrition
Centers, Inc., a specialty retailer of health and wellness products, and
certain affiliated companies, since March 2007. From March 2006 to March 2007,
Mr. Axelrod was a private investor. From 1988 until March 2006, Mr. Axelrod
served as Chief Executive Officer of Linens n Things, Inc., a leading, national
large format retailer of home textiles, housewares and home accessories, was
Chairman of the Board of that company from 1997 until March 2006, and through
2000, he also held the additional post of President. Mr. Axelrod also serves as
a director of Maidenform Brands, Inc.
66
Harold
Schechter has been Chief Financial Officer of Global Design Concepts, Inc., a
manufacturer and distributor of handbags and related products, since January
2005. From October 2004 until January 2005, Mr. Schechter was the Chief
Financial Officer of Diamond Chemical Company Inc., a manufacturer of cleaning
chemicals. Mr. Schechter served as Vice President, Chief Operating Officer and
Chief Financial Officer of Creative Salon Products, an importer and distributor
of beauty products, from January 2003 to October 2004, and as Vice President,
Chief Operating Officer and Chief Financial Officer of William H. Ranney
Associates Inc., which was also an importer and distributor of beauty products,
from May 2001 to December 2002. From January 1999 to April 2001, Mr. Schechter
served as Vice President-Operations and Purchasing of Monarch Luggage Inc., an
importer and distributor of luggage and related items.
Anthony
Christon has been Chief Financial Officer of the Company for more than the past
five years.
Family
Relationships.
Abe
Ginsburg, Chairman of the Executive Committee and a director of the Company, is
the father of Howard Ginsburg, Vice Chairman of the Board and a director of the
Company. Allan Ginsburg, Chairman of the Board and a director of the Company,
is a nephew of Abe Ginsburg and is a first cousin of Howard Ginsburg. Robert
Chestnov, President, Chief Executive Officer and a director of the Company,
and Richard Chestnov, a director of the Company, are brothers.
None
of our officers or directors has been involved in any transaction in the shares
of our common stock during the past 60 days , except that on February 8, 2008, Richard Chestnov, a director of
the
Company, gifted 100 shares of our common stock which he held directly to a
custodial account for the benefit of his child.