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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, 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. | |||
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 | ||||||||
Option(right to purchase common stock) | $ 0.35 | 08/01/2007 | A | 30,000 | 08/01/2008(1) | 08/01/2011(2) | common stock | 30,000 | (3) | 2,852,450 | D (4) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
AULD-SUSOTT EVAN 2677 PROSPERITY AVENUE SUITE 300 FAIRFAX, VA 22031 |
X |
Evan Auld-Susott | 08/02/2007 | |
**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) | Options shall vest over a three (3) year period. 10,000 options vest on 08/01/2008; 10,000 options vest on 08/01/2009; 10,000 options vest on 08/01/2011. |
(2) | Options expire three (3) years from the date of vesting. |
(3) | No price is included as the transaction is an option grant. |
(4) | 2,055,450 shares of common stock are held directly by the Susott Family Limited Partnership of which Evan Auld-Susott is the sole general partner . 60,000 shares of common stock are held directly by the John L. Susott Exempt Marital Trust and 490,000 shares of common stock are held directly by the John L. Susott Non-Exempt Marital Trust. Evan Auld-Susott is the trustee of the John L. Susott Exempt Marital Trust and the John L. Susott Non-Exempt Marital Trust. Evan Auld-Susott holds indirect beneficial ownership of 2,605,450 shares of common stock. |