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 |
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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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Common Stock Option (1) | Â (1) | 12/21/2022 | Common Stock, Par Value $0.01 | 20,000 | $ 1.7 | D | Â |
Common Stock Option (2) | Â (2) | 06/28/2023 | Common Stock, Par Value $0.01 | 10,000 | $ 0.01 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Avery William H 9480 GATETRAIL DALLAS, TX 75238 |
 X |  |  |  |
Brittany Martin AIF for William H. Avery | 09/10/2013 | |
**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) | On December 21, 2012, a stock option was issued under the issuer's 2011 Equity Incentive Plan to purchase 20,000 shares of common stock (Award Shares) at an exercise price of $1.70. The Award Shares shall vest on a quarterly basis, in eight equal quarterly installments of 2,500 Award Shares, at the end of each quarter (on the last trading day of such quarter), beginning with the quarter ending December 31, 2012. |
(2) | On June 28, 2013, the issuer granted fully vested non-qualified stock options to purchase 10,000 shares of common stock, par value USD $0.01 from the issuer's 2005 Stock Option Plan at an exercise price of USD $0.01 per share. |