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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 | ||||||||
Option (Right to Buy) | $ 4.98 | 07/27/2005 | A | 7,500 | 07/27/2005 | 07/27/2015 | Common Stock | 7,500 | $ 0 | 7,500 | D | ||||
Option (Right to Buy) | $ 5.64 | 06/08/2005 | A | 3,000 | 06/08/2005 | 06/08/2015 | Common Stock | 3,000 | $ 0 | 3,000 | D | ||||
Option (Right to Buy) | $ 4.37 | 12/03/2004 | A | 75,000 (1) | 12/03/2004 | 07/08/2014 | Common Stock | 75,000 (1) | $ 0 | 75,000 (1) | D | ||||
Option (Right to Buy) | $ 4.55 | 01/11/2005 | A | 3,000 | 01/11/2005 | 01/11/2015 | Common Stock | 3,000 | $ 0 | 3,000 | D | ||||
Option (Right to Buy) | $ 4.55 | 01/11/2005 | A | 60,000 (2) | 01/11/2005 | 01/11/2010 | Common Stock | 60,000 (2) | $ 0 | 60,000 (2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
RAO ASHOK 246 CROSSWAYS PARK WEST WOODBURY, NY 11797 |
X |
/s/ Ashok Rao | 08/05/2005 | |
**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) | Currently exercisable to the extent of 50,000 with the remaining 25,000 becoming exercisable on the next anniversary of the date of grant provided the reporting person remains a member of the Board of Directors. |
(2) | Currently exercisable to the extent of 10,000 with the remaining 50,000 becoming exercisable upon the reporting person reaching certain performance based goals. |