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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 |
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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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Non-Qualified Stock Options | $ 2.26 | 05/21/2014 | A | 50,000 | (1) | 05/21/2024 | Common Stock | 50,000 | $ 0 | 50,000 | D | ||||
Non-Qualified Stock Options | $ 2.26 | 05/21/2014 | A | 25,000 | (2) | 05/21/2024 | Common Stock | 25,000 | $ 0 | 25,000 | D | ||||
Non-Qualified Stock Options | $ 2.26 | 05/21/2014 | A | 25,000 | (3) | 05/21/2024 | Common Stock | 25,000 | $ 0 | 25,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Donnelly Shaun 900 CHESAPEAKE DR, 2ND FLOOR REDWOOD CITY, CA 94063 |
SVP Sales & Business Dev |
/s/ Greg Wrenn, by power of attorney | 05/23/2014 | |
**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) | 1/36th of the shares subject to the grant shall vest on each monthly anniversary of the grant date over three years, through May 21, 2017. |
(2) | 1/36th of the shares subject to the grant shall vest on each monthly anniversary of the grant date over three years, through May 21, 2017. The grant shall only be exercisable, to the extent vested, following the date as of which the fair market value of the Company's common stock has first equaled or exceeded $4.00 for 20 consecutive trading days. |
(3) | 1/36th of the shares subject to the grant shall vest on each monthly anniversary of the grant date over three years, through May 21, 2017. The grant shall only be exercisable, to the extent vested, following the date as of which the fair market value of the Company's common stock has first equaled or exceeded $6.25 for 20 consecutive trading days. |