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 |
Incentive Stock Option (right to buy)
|
11/04/2008(1)
|
08/04/2015 |
Common Stock
|
46,611
|
$
3.78
|
D
|
Â
|
Non-Qualified Stock Option (right to buy)
|
11/04/2008(1)
|
08/04/2015 |
Common Stock
|
3,389
|
$
3.78
|
D
|
Â
|
Incentive Stock Option (right to buy)
|
09/14/2006(2)
|
06/14/2013 |
Common Stock
|
15,000
|
$
4.24
|
D
|
Â
|
Incentive Stock Option (right to buy)
|
02/13/2007(3)
|
11/13/2013 |
Common Stock
|
7,000
|
$
4.48
|
D
|
Â
|
Incentive Stock Option (right to buy)
|
12/15/2006(4)
|
12/15/2012 |
Common Stock
|
25,000
|
$
5.75
|
D
|
Â
|
* |
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) |
A total of 50,000 stock options were granted on 8/4/2008, of which 46,611 are Incentive Stock Options and 3,389 are Non-Qualified Stock Options. The aggregate of these options vest at the rate of 8.33% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 8/4/2011. |
(2) |
A total of 15,000 stock options were granted on 6/14/2006. The aggregate of these options vest at a rate of 8.33% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 06/14/2009. |
(3) |
A total of 7,000 stock options were granted on 11/13/2006. The aggregate of these options vest at a rate of 8.33% of the total option shares at the end of each three month period, such that the total option shares will be fully vested on 11/13/2009. |
(4) |
A total of 25,000 stock options were granted on 12/15/2005. The aggregate of these options vest at the rate of 25% on 12/15/2006 and an additional 8.33% of the option shares will vest quarterly thereafter, such that the total option shares will be fully vested on 12/15/2010. |