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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 | ||||||||
Stock Options (right to buy) | $ 0.1 | 07/01/2013 | A | 2,000,000 | (2) | 07/01/2023 | Common Stock | 2,000,000 | $ 0 | 14,088,243 (3) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Joyce James A 8910 UNIVERSITY CENTER LANE #660 SAN DIEGO, CA 92122 |
X | Chairman, CEO, Secretary |
/s/ James A. Joyce | 09/05/2013 | |
**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) | The 600,000 shares were pledged as collateral for a loan and have been retained and/or sold by the lender and are no longer owned by Mr. Joyce. |
(2) | 500,000 options will vest on each of the first, second, third and fourth anniversaries of the date of grant. |
(3) | Also includes options to purchase 2,231,100 shares of common stock at $0.38 per share, options to purchase 2,857,143 shares of common stock at $0.21 per share, options to purchase 2,500,000 shares of common stock at $0.36 per share, options to purchase 4,000,000 shares of common stock at $0.25 per share and unvested option to purchase 500,000 shares of common stock at $0.25 per share. |