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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 | ||||||||
Non-Qualified Stock Option (right to buy) | $ 0.001 | 02/22/2006 | A | 25,000 | (1) | 03/24/2006(2) | Common Stock | 25,000 | $ 0.001 | 25,000 | D | ||||
Non-Qualified Stock Option (right to buy) | $ 6.36 | 02/22/2006 | A | 50,000 | (3) | 02/22/2016 | Common Stock | 50,000 | $ 6.36 | 50,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Twietmeyer Thomas H 6373 SAN IGNACIO AVENUE SAN JOSE, CA 95119 |
Vice President of Finance |
Carolyn V. Aver for Thomas Twietmeyer | 02/24/2006 | |
**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) | Options are exercisable upon grant. In the event the Reporting Person's employment with the Company is terminated, the Company has the right to repurchase the shares issued upon the exercise of the options, at the aggregate exercise price for the repurchased shares, with such right expiring with respect to 50% of the shares on 3/01/2007 and 50% on 3/01/2008. |
(2) | Options expire thirty (30) days after the grant date. |
(3) | Options are exercisable when vested. Vesting is as follows: 50% on 3/01/2007 and the balance of 50% on 3/01/2008 provided the Optionee continues service up to or beyond the vest date. Options expire ten (10) years from grant date. |