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 |
|
Employee Stock Option (right to buy)
|
Â
(2)
|
12/09/2019 |
Common Stock
|
1,800
|
$
3
|
D
|
Â
|
|
Employee Stock Option (right to buy)
|
Â
(3)
|
12/08/2018 |
Common Stock
|
2,100
|
$
2.55
|
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) |
Represent shares of restricted common stock granted under the Company's Long Term Incentive Plan and they vest as follows: 3,000 shares on December 19, 2013; 3,333 shares on January 19, 2014; 1,667 shares on January 19, 2015; 6,667 shares on January 24, 2015; and 3,333 shares on January 24, 2016. |
| (2) |
The options vest and become exercisable as follows: 1,200 options are vested and exercisable and 600 options will vest and become exercisable on December 9, 2013. |
| (3) |
The options vest and become exercisable as follows: 700 options are vested and exercisable; 700 options will vest and become exercisable on December 8, 2013 and 700 options will vest and become exercisable on December 8, 2014. |