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)
|
Â
(1)
|
06/20/2021 |
Common Stock
|
137,500
|
$
0.3
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(2)
|
06/20/2021 |
Common Stock
|
57,534
|
$
0.3
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(3)
|
09/19/2021 |
Common Stock
|
80,000
|
$
0.3
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(4)
|
01/14/2023 |
Common Stock
|
55,000
|
$
0.3
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(5)
|
01/14/2023 |
Common Stock
|
18,333
|
$
0.3
|
D
|
Â
|
8% Senior Convertible Debentures
|
11/26/2012 |
11/26/2015 |
Common Stock
|
66,667
|
$
0.3
|
D
|
Â
|
Series A Warrants (right to buy)
|
11/26/2012 |
11/26/2017 |
Common Stock
|
66,667
|
$
0.5
|
D
|
Â
|
Series B Warrants (right to buy)
|
11/26/2012 |
05/26/2014 |
Common Stock
|
66,667
|
$
0.3
|
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) |
25% vested on 6/20/11 and 6/20/12, thereafter in 24 equal monthly installments. |
(2) |
On 6/22/2011, the Reporting Person was granted an option to purchase up to 112,500 shares of common stock of the Issuer. Up to 1/3 of the shares subject to the option may vest annually (or a pro rata portion thereof for a period of less than a full year) based on the achievement of certain performance milestones as determined by the Board of Directors (the 'Board') of the Issuer. On 1/17/2012, the Board determined that options for the prorated period ending 12/31/2011 would vest in the maximum potential amount of 20,034 shares. On 1/14/2013, the Board determined that options for the period ending 12/31/2012 would vest in the maximum potential amount of 37,500 shares. |
(3) |
50% vested on 9/19/11 and thereafter in 24 equal monthly installments. |
(4) |
1/3 vested on 1/14/13 and thereafter will vest in 24 equal monthly installments, commencing 1/31/13. |
(5) |
On 1/14/2013, the Reporting Person was granted an option to purchase up to 55,000 shares of common stock of the Issuer. 1/3 of the shares subject to the option were immediately vested and up to 1/2 of the remaining shares subject to the option may vest annually, based on the achievement of certain performance milestones as determined by the Board. |