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 |
Incentive Stock Option Grant
|
Â
(4)
|
12/15/2013 |
Common Stock
|
541,099
|
$
0.25
|
D
|
Â
|
Non-Qualified Stock Option Grant
|
Â
(5)
|
04/08/2012 |
Common Stock
|
6,000
|
$
2.5
|
I
|
By Wife
|
Incentive Stock Option Grant
|
Â
(6)
|
04/27/2014 |
Common Stock
|
5,693
|
$
0.25
|
I
|
By Wife
|
Incentive Stock Option Grant
|
Â
(7)
|
04/27/2014 |
Common Stock
|
248
|
$
0.25
|
I
|
By Wife
|
Incentive Stock Option Grant
|
Â
(8)
|
04/27/2014 |
Common Stock
|
10,000
|
$
0.25
|
I
|
By Wife
|
Non-Qualified Stock Option Grant
|
Â
(8)
|
06/14/2015 |
Common Stock
|
8,000
|
$
4.25
|
I
|
By Wife
|
* |
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) |
This total includes 549,876 shares of Founders Stock; 42,373 shares converted from Series C-1 prefered stock and 120,000 shares from the exercise of stock options granted 6/6/0000. |
(2) |
25% of the Shares of Restricted Stock shall vest in equal yearly installments over a four (4) year period on each anniversary of the date of grant. |
(3) |
Reporting person and spouse disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interest. |
(4) |
Vesting is based on milestones related to performance, of which, a total of 437,060 shares are vested as of the date hereof. Any unvested shares remaining under the this option grant, including any shares not addressed by the milestones, shall vest on the earlier of (i) December 16, 2009 or (ii) the consummation of a change in control, provided that reporting person remains a service provider. |
(5) |
Options vest monthly over a three (3) month period and are fully vested as of the date herein. |
(6) |
Options vested immediately upon date of grant. |
(7) |
Options vest monthly over a two (2) month period and are fully vested as of the date herein. |
(8) |
1/48th of the total number of shares subject to option vest monthly. |