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 Award
(2)
|
Â
(2)
|
Â
(2)
|
Common Stock, par value $0.001 per share
|
204,167
|
$
(2)
|
D
|
Â
|
Stock Options
(3)
|
Â
(3)
|
02/24/2020 |
Common Stock, par value $0.001 per share
|
175,000
|
$
(3)
|
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) |
The 245,833 shares of Common Stock owned by the reporting person were issued on June 13, 2016. The 245,833 shares include (a) 100,000 shares awarded pursuant to a one-time grant under the issuer's Global Share Incentive Plan (2010) and (b) 145,833 shares awarded pursuant to a stock award under the issuer's Global Share and Options Incentive Enhancement Plan (2014) (the "2014 Incentive Plan"). The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 350,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 145,833 of such shares have vested and been issued and 204,167 of such shares remain to be vested and/or issued. The 204,167 shares that have not yet vested and/or been issued are not included in the number of securities beneficially owned in Table I, Column 2 of this report. |
(2) |
The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 350,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 145,833 of such shares have been issued and 204,167 shares have not been issued (of which, 87,500 shares have vested and 116,667 shares are unvested). |
(3) |
The stock options were granted under the 2014 Incentive Plan. The options have not been issued by the company, but if issued, they will vest on a quarterly basis over a two-year period and have an exercise price of $0.14 per share. |