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CREL Corel (MM)

3.98
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
Corel (MM) NASDAQ:CREL NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.98 0 01:00:00

- Initial Statement of Beneficial Ownership (3)

01/12/2009 2:44am

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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OMB Number: 3235-0104
Expires: February 28, 2011
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Mehta Amish

2. Date of Event Requiring Statement (MM/DD/YYYY)
12/1/2009 

3. Issuer Name and Ticker or Trading Symbol

COREL CORP [CREL]

(Last)        (First)        (Middle)

C/O VECTOR CAPITAL CORPORATION, ONE MARKET STREET, STEUART TOWER, 23 FL

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            _____ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

SAN FRANCISCO, CA 94105       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option     (1) 1/18/2016   Common Stock   12809   $15.69   D   (4)  
Stock Option     (2) 4/24/2017   Common Stock   15000   $13.03   D   (4)  
Stock Option     (3) 7/24/2019   Common Stock   50000   $2.20   D   (4)  

Explanation of Responses:
( 1)  Options vest over 4 years, beginning on 01/19/06, with 25% vesting 1 year after the grant and quarterly vesting thereafter.
( 2)  Options vest over 4 years, beginning on 04/24/07, with 25% vesting 1 year after the grant and quarterly vesting thereafter.
( 3)  Options vest over 4 years, beginning on 07/24/09, with 25% vesting 1 year after the grant and quarterly vesting thereafter.
( 4)  Mr. Mehta is a principal of Vector Capital. His reported holdings do not include shares held by Corel Holdings, L.P., Vector Capital Partners II International LLC, Vector Capital Partners II International, Ltd. or Alexander R. Slusky.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Mehta Amish
C/O VECTOR CAPITAL CORPORATION
ONE MARKET STREET, STEUART TOWER, 23 FL
SAN FRANCISCO, CA 94105
X



Signatures
/s/ Amish Mehta 11/30/2009
** 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 5(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 control number.

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