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 | ||||
Employee Stock Options (right to buy) | 01/25/2014(1) | 01/25/2023 | Common Stock | 200,000 | $ 0.63 | D | Â |
Employee Stock Options (right to buy) | 01/25/2014(2) | 01/25/2023 | Common Stock | 200,000 | $ 0.63 | D | Â |
Employee Stock Options (right to buy) | 02/21/2015(3) | 02/21/2024 | Common Stock | 250,000 | $ 1.75 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Rhonemus Troy Allen 10005 MUIRLANDS BLVD. SUITE G IRVINE, CA 92618 |
 |  |  Chief Operating Officer |  |
/s/ Troy Rhonemus | 03/10/2014 | |
**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) | 1/4th of the options vested on January 25, 2014 with the remainder vesting 1/36th per month over the three years thereafter. Options will be fully vested as of January 25, 2017. |
(2) | 1/4th of the options vest on January 25, 2014 with the remainder vesting 1/36th per month over the three years thereafter. However, in additioin, the exercisability of these options is subject to achievement of certain goals. |
(3) | 1/3rd of the options will vest on February 21, 2015 with the remainder vesting 1/24th per month over the two years thereafter. Options will be fully vested as of February 21, 2017. |