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) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Option (right to buy) granted on June 28, 2002
|
Â
(2)
|
06/27/2009 |
Common Stock
|
2,376
|
$
0.48
|
D
|
Â
|
Stock Option (right to buy) granted on September 2, 2003
|
Â
(3)
|
09/01/2010 |
Common Stock
|
57,500
|
$
1.59
|
D
|
Â
|
Stock Option (right to buy) granted on August 2, 2004
|
Â
(4)
|
08/01/2011 |
Common Stock
|
70,000
|
$
1.39
|
D
|
Â
|
Stock Option (right to buy) granted on November 1, 2005
|
Â
(5)
|
10/31/2012 |
Common Stock
|
70,000
|
$
1.57
|
D
|
Â
|
* |
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) |
30,918 shares are restricted stock. Restrictions lapse as to 9,583 shares on 9/2/2006; restrictions lapse as to 10,669 shares on 8/2/2006; and restrictions lapse as to 10,666 shares on 8/2/07. There are no restrictions with respect to the remaining 5,278 shares. |
(2) |
The option is vested and exerciseable with respect to 1,583 shares and the remaining shares vest and become exerciseable on 6/28/2006. |
(3) |
The option is vested and exerciseable with respect to 39,530 shares and the remaining shares vest and become exerciseable in equal monthly installments until fully vested on the fourth anniversary of the grant date. |
(4) |
The option is vested and exerciseable with respect to 32,083 shares and the remaining shares vest and become exerciseable in equal monthly installments until fully vested on the fourth anniversary of the grant date. |
(5) |
The option vests and becomes exercisable as to 25% on the first anniversary of the date of grant and the remainder in 36 equal monthly installments thereafter. |