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 | ||||
Employee Stock Option (right to buy) | 07/12/2012 | 07/11/2017 | Common Stock | 1,800,000 (1) (2) | $ 0.24 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ostoya Nicole C/O BOLDFACE GROUP, INC. 1309 PICO BOULEVARD, SUITE A SANTA MONICA, CA 90405 |
 X |  X |  CEO and President |  |
/s/ Sasha B. Ablovatskiy, Attorney-in-Fact | 07/09/2013 | |
**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) | This option is issued pursuant to the Issuer's 2012 Equity Incentive Plan (the "Plan"). Subject to certain exceptions, the option vests annually at a rate of 33% beginning on July 12, 2013 and is subject to the continuing employment of the Reporting Person by the Issuer or any of its subsidiaries on each annual vesting date. |
(2) | Excludes 5,700,000 options issuable on July 12, 2013 with an exercise price equal to the fair market value of the Issuer's common stock as of the date of the issuance. This option is issuable under the Plan and pursuant to the terms of the employment agreement between the Reporting Person and the Issuer. Subject to certain exceptions, this option will vest annually at a rate of 33% beginning July 12, 2014 and is based upon satisfaction of certain performance criteria determined by the board of the directors of the Issuer and a continuing employment of the Reporting Person by the Issuer or any of its subsidiaries on each annual vesting date. |