UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (right to buy) | Â (1) | 07/05/2010 | Common Stock | 50,000 | $ 7.25 | D | Â |
Stock Option (right to buy) | Â (2) | 09/28/2011 | Common Stock | 40,000 | $ 5.2 | D | Â |
Stock Option (right to buy) | 11/06/2003 | 11/06/2012 | Common Stock | 18,000 | $ 2.4 | D | Â |
Stock Option (right to buy) | Â (3) | 11/05/2013 | Common Stock | 20,000 | $ 9.65 | D | Â |
Stock Option (right to buy) | Â (4) | 11/22/2014 | Common Stock | 25,000 | $ 14.74 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Young Joel K 11001 BREN ROAD EAST MINNETONKA, MN 55343 |
 |  |  VP Research-Development & CTO |  |
/s/ Joel K. Young | 11/30/2005 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | The option vested as to 25% of the shares on July 5, 2001 and thereafter in 36 equal monthly increments. |
(2) | The option vested as to 50% of the shares on September 28, 2002 and 50% of the shares on September 28, 2003. |
(3) | The option vested as to 50% of the shares on November 5, 2003 and 50% of the shares on November 5, 2004. |
(4) | The option vested as to 25% of the shares on November 22, 2005 and thereafter in 36 equal monthly increments. |