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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 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) | $ 0.23 | 01/26/2010 | X | 100,000 (2) | 11/14/2006 | 11/05/2016 | Common Stock | 100,000 | $ 0 | 429,583 | I | Ambient Advisors, LLC | |||
Non-qualified Stock Option (right to buy) | $ 0.17 | 03/29/2010 | A | 1,110,227 (3) | 08/17/2009 | 03/28/2020 | Common Stock | 1,110,227 | $ 0 | 1,539,810 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Post Gary M AMBIENT ADVISORS LLC 1840 CENTURY PARK EAST SUITE 800 LOS ANGELES, CA 90067 |
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/s/ Gary M. Post | 04/06/2010 | |
**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) | Shares granted as compensation due pursuant to the Ambient Advisors advisory agreement dated November, 2006. |
(2) | Exercised 100,000 shares of an option to purchase 333,333 shares of common stock granted November 14, 2006. |
(3) | Options granted pursuant to an advisory agreement dated March 29, 2010. Options vest in eight quarterly installments commencing August 17, 2009. |