UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
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 | ||||
Stock option (right to buy) | Â (2) | 02/22/2020 | Common Stock | 150,000 | $ 0.06 (1) | D | Â |
Stock option (right to buy) | Â (3) | 02/18/2015 | Common Stock | 25,000 | $ 0.06 (1) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Rosengard Andrew B 2372-A QUME DRIVE SAN JOSE, CA 95131 |
 X |  |  |  |
Charlotte Willson for Andrew B. Rosengard | 02/23/2010 | |
**Signature of Reporting Person | Date |
* | 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 stock options were approved February 17, 2010 with the exercise price to be the closing fair market value of the Companys common stock on February 18, 2010, which was $0.06. |
(2) | The options are effective February 22, 2010 and shall vest at the rate of 25% on February 22. 2011, and the remaining amount shall vest at the rate of 1/36th monthly thereafter so that the options shall be exercisable in full in the 48th month. |
(3) | The options are effective February 18, 2010 and shall vest at the rate of 1/12th each month and continuing monthly so that the options shall be exercisable in full in the 12th month. |