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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 | ||||||||
Option to Buy | $ 0.01 | 01/01/2009(1) | J(2) | 5,000,000 | (1)(3) | 01/01/2019 | Common Stock | 5,000,000 | $ 0.01 | 5,000,000 | D | ||||
Option to Buy | $ 0.02 | 04/29/2009(1) | A | 177,500 | (1)(4) | 04/29/2019 | Common Stock | 177,500 | $ 0.02 | 5,177,500 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MARRIOTT LAURA ANNE 1550 S MILWAUKEE STREET DENVER, CO 80210 |
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/s/ Laura A. Marriott | 06/22/2009 | |
**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) | All unvested non-qualified stock options which had been previously issued and previously not reportable, now vest and become exercisable upon the occurrence of a qualifying Change in Control event, as a result of certain resolutions passed by the Issuer's Board of Directors (and Stock Option Committee) on April 29, 2009. |
(2) | The stock options were granted to Ms. Marriott as compensation in consideration for her services as a Director of the Company. |
(3) | Pursuant to the schedule attached hereto on Exhibit 99.1, this stock option grant vests over four (4) years beginning January 1, 2010, so long as the Reporting Person remains associated with the Company. |
(4) | Pursuant to the schedule attached hereto on Exhibit 99.2, this stock option grant vests over twelve (12) months beginning May 29, 2009, so long as the Reporting Person remains associated with the Company. |