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) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Warrants
(2)
|
Â
(3)
|
11/06/2011 |
Shares of Common Stock
|
4,000,000
|
$
6
|
I
|
Warrants held by Pecksland Partners, LLC
(1)
|
* |
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) |
The Shareholder has beneficial of approximately 29.2% of the outstanding membership interest in Pecksland Partners, LLC and also owns an interest in Arrowhead Capital Partners, LLC, which owns 8.0% of the outstanding membership interests in Pecksland Partners, LLC. The Shareholder has beneficial ownership of all of the shares of common stock and warrants held by Pecksland Partners, LLC by virtue of having approval rights with respect to a sale of all or substantially all of the assets of Pecksland Partners, LLC. |
(2) |
Pecksland Partners, LLC will acquire the Warrants in accordance with the terms and conditions of the Private Placement Purchase Agreement, dated July 16, 2007, contemporaneously with the closing of the Company's initial public offering. |
(3) |
The Warrants become exercisable upon the later of (i) the consummation of a business combination as described in the Company's Registration Statement on Form S-1 initially filed with the Securities and Exchange Commission on July 19, 2007 (333-144718), or (ii) November 6, 2008. |