|
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 |
|
| |||||||||||||||||||||||||||||
|
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) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Incentive Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 24,000 | (1) | 06/15/2020 | Common Stock | 24,000 | (2) | 24,000 | D | ||||
Incentive Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 3,125 | (3) | 06/15/2020 | Common Stock | 3,125 | (2) | 27,125 | D | ||||
Incentive Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 17,327 | (3) | 06/15/2020 | Common Stock | 17,327 | (2) | 44,452 | D | ||||
Incentive Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 39,180 | (3) | 06/15/2020 | Common Stock | 39,180 | (2) | 83,632 | D | ||||
Incentive Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 80,913 | (3) | 06/15/2020 | Common Stock | 80,913 | (2) | 164,545 | D | ||||
Incentive Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 90,166 | (3) | 06/15/2020 | Common Stock | 90,166 | (2) | 254,711 | D | ||||
Incentive Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 30,625 | (3) | 06/15/2020 | Common Stock | 30,625 | (2) | 285,336 | D | ||||
Incentive Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 26,250 | (3) | 06/15/2020 | Common Stock | 26,250 | (2) | 311,586 | D | ||||
Incentive Stock Option (right to buy) | $ 0.86 | 06/15/2010 | D | 6,250 | (4) | 04/16/2011 | Common Stock | 6,250 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 0.9 | 06/15/2010 | D | 112,708 | (5) | 04/23/2013 | Common Stock | 112,708 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 0.95 | 06/15/2010 | D | 30,000 | (5) | 04/15/2019 | Common Stock | 30,000 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 1.16 | 06/15/2010 | D | 101,142 | (5) | 04/21/2014 | Common Stock | 101,142 | (2) | 23,858 | D | ||||
Incentive Stock Option (right to buy) | $ 1.16 | 06/15/2010 | D | 23,858 | (5) | 04/21/2014 | Common Stock | 23,858 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 1.21 | 06/15/2010 | D | 43,750 | (5) | 05/14/2012 | Common Stock | 43,750 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 1.47 | 06/15/2010 | D | 37,500 | (5) | 04/10/2011 | Common Stock | 37,500 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 1.52 | 06/15/2010 | D | 24,753 | (5) | 04/18/2016 | Common Stock | 24,753 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 1.6 | 06/15/2010 | D | 37,500 | (5) | 04/18/2017 | Common Stock | 37,500 | (2) | 0 | D | ||||
Incentive Stock Option (right to buy) | $ 2.91 | 06/15/2010 | D | 60,278 | (5) | 04/20/2015 | Common Stock | 60,278 | (2) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 25,944 | (3) | 06/15/2020 | Common Stock | 25,944 | (2) | 25,944 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 26,250 | (3) | 06/15/2020 | Common Stock | 26,250 | (2) | 52,194 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 15,750 | (3) | 06/15/2020 | Common Stock | 15,750 | (2) | 67,944 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 17,672 | (3) | 06/15/2020 | Common Stock | 17,672 | (2) | 85,616 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 25,819 | (3) | 06/15/2020 | Common Stock | 25,819 | (2) | 111,435 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 19,086 | (3) | 06/15/2020 | Common Stock | 19,086 | (2) | 130,521 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 29,833 | (3) | 06/15/2020 | Common Stock | 29,833 | (2) | 160,354 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 18,375 | (3) | 06/15/2020 | Common Stock | 18,375 | (2) | 178,729 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 43,750 | (3) | 06/15/2020 | Common Stock | 43,750 | (2) | 222,479 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.55 | 06/15/2010 | A | 5,000 | (3) | 06/15/2020 | Common Stock | 5,000 | (2) | 227,479 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.86 | 06/15/2010 | D | 51,888 | (4) | 04/16/2011 | Common Stock | 51,888 | (2) | 0 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 0.9 | 06/15/2010 | D | 37,292 | (5) | 04/23/2013 | Common Stock | 37,292 | (2) | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LAUWERS J CHRIS C/O AVISTAR COMMUNICATIONS CORPORATION 1875 SOUTH GRANT STREET, 10TH FLOOR SAN MATEO, CA 94402 |
CTO |
By: Elias MurrayMetzger For: Jozef Chris Lauwers | 06/17/2010 | |
**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 option vests as to 34% of the shares on the first anniversary of the grant date, and as to 33% of the shares on each of the next yearly anniversaries of the grant date, so as to fully vested in 3 years, subject to continued service through each vesting date; provided, however, that the granted option fully vests and is exercisable as to 100% of the shares upon a change in control. |
(2) | On June 15, 2010, the issuer canceled, pursuant to the issuer's option exchange program, the eligible unexercised options granted to the reporting person. In exchange for these canceled options, the reporting person received new options to purchase the issuer's Common Stock. |
(3) | The option vests as to 50% of the shares on the first anniversary of the grant date, and as to 50% of the shares on the second year anniversary of the grant date, subject to continued service through each vesting date; provided, however, that the granted option fully vests and is exercisable as to 100% of the shares upon a change in control. |
(4) | 33.3% of the shares subject to the option shall become vested and excercisable 6 months after the date of the grant and 4.8% of the shares subject to the option shall vest at the end of each month thereaafter until the completion of the 20 month vesting period. |
(5) | 25% of the shares subject to the option shall become vested and exercisable one year after the date of grant and 1/16th of the sares subject to the option shall vest at the end of each three month period thereafter |