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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 | ||||||||
Warrants | $ 0.06 | 10/16/2009 | P | 17,333,334 | 10/16/2009(5) | 10/15/2011 | Common Stock | 17,333,334 | (3) | 17,333,334 | I (1) | See footnote. | |||
Warrants | $ 0.09 | 10/16/2009 | P | 17,333,334 | 10/16/2009(5) | 10/15/2011 | Common Stock | 17,333,334 | (4) | 34,666,668 | I (1) | See footnote. | |||
Warrants | $ 0.06 | 10/16/2009 | P | 333,333 | 10/16/2009(5) | 10/15/2011 | Common Stock | 333.333 | (3) | 35,000,001 | I (2) | See footnote. | |||
Warrants | $ 0.09 | 10/16/2009 | P | 333,333 | 10/16/2009(5) | 10/15/2011 | Common Stock | 333,333 | (4) | 35,333,334 | I (2) | See footnote. |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Tomasello David 780 MONTAGUE EXPRESSWAY, # 504 SAN JOSE, CA 95131 |
X | X |
Charlotte Willson for David Tomasello | 10/23/2009 | |
**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) | These shares of Common Stock and Warrants are held in the name of Bluestone Financial LTD, of which Mr. Tomasello is a director. Mr. Tomasello disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. |
(2) | The shares of Common Stock and Warrants are held in the name of Attiva Capital Management, LLC, of which Mr. Tomasello is a managing director. Mr. Tomasello disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein. |
(3) | Warrants are exercisable at $0.06 per share. |
(4) | Warrants are exercisable at $0.09 per share. |
(5) | The Warrants will be exercisable during the 2 year period following the Closing Date, subject to an earlier termination of the exercise period by the Company, upon 30 days' notice to the investors if the quoted bid price of the Common Stock in the "pink sheets" (or on a nationally recognized exchange or other trading system on which the Common Stock may hereafter be listed ) has been greater than 200% of the respective Warrant's exercise price for a period of 15 consecutive trading days. |