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 |
Warrant to Purchase Common Stock
|
05/20/2010 |
05/20/2013 |
Common Stock
|
1,785,714
|
$
0.21
|
D
|
Â
|
Warrant to Purchase Common Stock
|
07/14/2011 |
05/20/2013 |
Common Stock
|
100,000
|
$
0.21
|
D
|
Â
|
Employee Stock Options (right to buy)
|
05/20/2010 |
05/20/2020 |
Common Stock
|
67,500
|
$
1.55
|
D
(3)
|
Â
|
Warrants to Purchase Common Stock
|
05/20/2010 |
05/20/2013 |
Common Stock
|
1,860,712
|
$
0.21
|
I
(4)
|
See Footnote 4.
|
* |
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) |
See Footnote 2 for explanation of ownership. |
(2) |
Direct beneficial ownership 1,805,714 shares of common stock ("Shares") held by Michael & Betsy Brauser TBE. Indirect beneficial ownership includes (i) 314,285 Shares held by Grander Holdings, Inc. 401K Profit Sharing Plan of which the Reporting Person is a trustee; (ii) 342,857 Shares held by the Brauser 2010 GRAT of which the Reporting Person is a trustee; (iii) 846,428 Shares held by BMB Holdings, LLLP of which the Reporting Person is the manager of its general partner; and (iv) 357,142 Shares held by Betsy Brauser Third Amended Trust Agreement beneficially owned by the Reporting Person's spouse which are disclaimed by him. |
(3) |
Direct beneficial ownership includes (i) 67,500 employee stock options (right to buy); (ii) 100,000 immediately exercisable warrants ("Warrants"); and (iii) 1,785,714 Warrants held by Michael & Betsy Brauser TBE. |
(4) |
Indirect beneficial ownership includes (i) 314,285 Warrants held by Grander Holdings, Inc. 401K Profit Sharing Plan of which the Reporting Person is a trustee; (ii) 342,857 Warrants held by Brauser 2010 GRAT of which the Reporting Person is a trustee; (iii) 846,428 Warrants held by BMB Holdings, LLLP of which the Reporting Person is the manager of its general partner; and (iv) 357,142 Warrants owned by Betsy Brauser Third Amended Trust Agreement beneficially owned by the Reporting Person's spouse which are disclaimed by him |