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 | ||||
Common Stock Purchase Warrants | 06/26/2012 | 06/26/2019 | Common Stock | 69,911 | $ 0.107 | D | Â |
Stock Options (right to buy) | Â (2) | 07/24/2022 | Common Stock | 373,026 | $ 0.076 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Wornham Thomas V 8910 UNIVERSITY CENTER LANE #660 SAN DIEGO, CA 92122 |
 X |  |  |  |
/s/ Thomas V. Wornham | 08/03/2012 | |
**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) | Mr. Wornham disclaims beneficial ownership of the shares held by his spouse, and this report shall not be deemed to be an admission that Mr. Wornham is, for the purposes of Section 16 or otherwise, the beneficial owner of such shares. |
(2) | 198,026 of the options vested on the date of grant, and the balance of 175,000 options will vest at the end of the 2012-2013 fiscal year provided that Mr. Wornham has attended at least 80% of the meetings of the Issuer's Board of Directors during such portion of the fiscal year that Mr. Wornham has been a director of the Issuer. |