UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
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 | ||||
Options to Purchase Common Stock | 10/01/2013 | 09/27/2023 | Common Stock | 20,000 (1) | $ 7.76 | D | Â |
Restricted Stock Unit | 04/01/2016 | Â (3) | Common Stock | 10,000 (2) | $ 0 | D | Â |
Options to Purchase Common Stock | 11/19/2015 | 11/19/2025 | Common Stock | 10,000 (4) | $ 6.8 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Knerr Steven Winfield 500 PERIMETER PARK DRIVE SUITE D MORRISVILLE, NC 27560 |
 |  |  Chief Financial Officer |  |
/s/Steven Knerr | 11/19/2015 | |
**Signature of Reporting Person | Date |
* | 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) | These options vest as follows: 1/16 in equal quarterly installments over a 4 year period beginning on October 1, 2013. The Reporting Person must be an employee of the Company as of each vesting date. |
(2) | The restricted stock unit vests as follows: (i) 5,000 shares on April 1, 2016 and (ii) 5,000 shares on April 1, 2017. The Reporting Person must be an employee of the Company as of each vesting date. |
(3) | N/A |
(4) | These options vest as follows: (i) 25% on November 19, 2016 and (ii) the remaining 75% in twelve successive equal installments at the end of each calendar quarter thereafter for the subsequent 3 year period. The Reporting Person must be an employee of the Company as of each vesting date. |