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 Options
|
10/11/2010(1)
|
10/11/2015(1)
|
Common Stock,Par Value $0.001
|
325,000
|
$
0.68
|
D
|
Â
|
Stock Options
|
12/08/2010(2)
|
12/08/2020(2)
|
Common Stock,Par Value $0.001
|
1,200,000
|
$
0.72
|
D
|
Â
|
Common Stock Purchase Warrant
|
12/08/2010 |
12/08/2015 |
Common Stock,Par Value $0.001
|
600,000
|
$
2
|
D
|
Â
|
Stock Options
|
05/25/2011(3)
|
05/25/2016(3)
|
Common Stock, Par Value $0.001
|
500,000
|
$
0.6
|
D
|
Â
|
Common Stock Purchase Warrant
|
05/25/2011 |
05/25/2016 |
Common Stock, Par Value $0.001
|
500,000
|
$
2
|
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) |
75,000 of the options vested on October 10, 2010 and 50,000 shall vest every six (6) months thereafter. |
(2) |
The 1,200,000 in stock options granted on December 28, 2010 vest in equal annual installments starting on the date of the grant and on the anniversary of the grant for two years thereafter and are exercisable for ten years from the grant date. |
(3) |
The 500,000 in stock options granted on May 25, 2011 vest at the rate of 125,000 shares every six months commencing on the six month anniversary of the date of the Option. |