3: Initial statement of beneficial ownership of securities
Published on October 3, 2014
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 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 | ||||
Warrant | 05/11/2012 | 05/10/2016 | Common Stock | 3,143 (1) | $ 2.6 | D | |
Option | 05/25/2012 | 05/25/2015 | Common Stock | 4,000 (5) | $ 3 | D | |
Option | 11/25/2012 | 11/25/2015 | Common Stock | 4,000 (5) | $ 3 | D | |
Option | 05/25/2013 | 05/25/2016 | Common Stock | 4,000 (5) | $ 4 | D | |
Option | 11/25/2013 | 11/25/2016 | Common Stock | 4,000 (5) | $ 4 | D | |
Option | 05/25/2014 | 05/25/2017 | Common Stock | 4,000 (5) | $ 5 | D | |
Option | 11/25/2014 | 11/25/2017 | Common Stock | 4,000 (5) | $ 5 | D | |
Option | 02/18/2015 | 02/18/2019 | Common Stock | 12,500 (6) | $ 2.5 | D | |
Option | 02/18/2016 | 02/18/2020 | Common Stock | 12,500 (6) | $ 3 | D |
Reporting Owners
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Skaff Habib 4006 W. SWANN AVENUE TAMPA, FL 33609 |
X |
Signatures
Habib Skaff | 10/03/2014 | |
**Signature of Reporting Person | Date |
Explanation of Responses:
* | 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) | A total of 6,286 Units (1 Unit = 1 common share + 1 warrant to purchase 1/2 a common share) were acquired on May 11, 2012 at a cost basis of $1.75 per Unit, as settlement for certain debts owed to Dr. Habib Skaff by the Company. The warrant is at $2.60 for 4 years. |
(2) | On March 25, 2013, Mr. Skaff received 2,000 shares of the Company's common stock with a cost basis of $2.20 per share, as settlement for certain debts owed to Mr. Skaff by the Company. |
(3) | On August 16, 2013, Dr. Skaff received 3,112 shares of the Company's common stock with a cost basis of $2.25 per share, as settlement for certain debts owed to Dr. Skaff by the Company. |
(4) | On September 24, 2013, Dr. Skaff received 3,182 shares of the Company's common stock with a cost basis of $2.20 per share, as settlement for certain debts owed to Dr. Skaff by the Company. |
(5) | A total of 24,000 Options were issued on November 25, 2011 under the Company's 2011 Equity Inventive Plan. |
(6) | A total of 25,000 Options were issued on August 18, 2014 under the Company's 2011 Equity Inventive Plan. |