|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN 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 |
|
| |||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Common Stock Options | $ 1.22 | 12/15/2011 | A | 90,000 (1) | 01/15/2012 | 12/15/2016 | Common Stock | 90,000 | $ 0 | 90,000 | D | ||||
Common Stock Options | $ 1.1 | 12/15/2011 | A | 76,581 (2) | 12/15/2011 | 12/15/2018 | Common Stock | 76,581 | $ 0 | 166,581 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Farrar Timothy M 572 SOUTH OAK PARK WAY REDWOOD CITY, CA 94062 |
X |
/s/ Timothy M. Farrar | 12/19/2011 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(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 options to purchase 90,000 shares of the Issuer's common stock were granted under and subject to the Issuer's 2007 Stock Incentive Plan (the "2007 SIP"). The options vest over 9 months, at the rate of 10,000 options per month, beginning on January 15, 2012. The options expire on December 15, 2016 and have an exercise price of $1.22 per share. |
(2) | The options to purchase 76,581 shares of the Issuer's common stock were granted under and subject to the 2007 SIP. The options are fully vested, expire on December 15, 2018 and have an exercise price of $1.10 per share. |