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 |
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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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Non-Statutory Stock Options (right to buy) | Â (1) | 12/13/2023 | Common Stock | 35,000 | $ 0.3 | D | Â |
Incentive Stock Options (right to buy) | Â (2) | 01/07/2024 | Common Stock | 750,000 | $ 0.12 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Eisenstein Bradley A 220 TECHNOLOGY DRIVE, SUITE 100 IRVINE, CA 92618 |
 |  |  Chief Operating Officer |  |
Bradley A. Eisenstein | 01/16/2014 | |
**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) | These Options were granted pursuant to the Company's Amended and Restated 2011 Stock Incentive Plan. The option will vest February 3, 2014 and, because they are connected with an interim consulting relationship, the Options are not subject to forfeiture upon termination of service once vested. |
(2) | These options were granted under the Company's Amended and Restated 2011 Stock Incentive Plan. The option will vest over a period of 4 years, subject to Mr. Eisenstein's continued employment. Twenty-five percent (25%) of shares underlying the option will vest on the first anniversary of the grant date, and then 1/36th of the shares underlying the option will vest each month thereafter until fully vested. Upon a change of control, any unvested portion of the option will immediately vest in full. |