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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 | ||||||||
| Incentive Stock Option (right to buy) | $ 1.5 | 07/01/2006 | D | 3,600 | (1) | 01/17/2012 | Common Stock | 3,600 | $ 0.1 | 0 | D | ||||
| Non-Qualified Stock Option (right to buy) | $ 1.35 | 07/01/2006 | D | 30,446 | (2) | 04/15/2014 | Common Stock | 30,446 | $ 0.25 | 0 | D | ||||
| Incentive Stock Option (right to buy) | $ 1.35 | 07/01/2006 | D | 219,554 | (3) | 04/15/2014 | Common Stock | 219,554 | $ 0.25 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| TERNIER PATRICK C/O ARTEMIS INTERNATIONAL SOLUTIONS CORP 4041 MACARTHUR BOULEVARD, SUITE 401 NEWPORT BEACH, CA 92660 |
President & CEO | |||
| Charles Savoni (Attorney-in-fact) | 07/27/2006 | |
| **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) | This option, which provided for vesting in three equal installments beginning on the three respective anniversary dates following the grant date of January 17, 2002, was cancelled upon consummation of the Merger in exchange for a cast payment of $360, representing the difference between the exercise price of the option and the common stock merger consideration of $1.60 per share. |
| (2) | This option, which provided for one third vesting immediately upon the grant date of April 15, 2004, with additional one third vesting on each subsequent anniversary of said grant date, was cancelled upon consummation of the Merger in exchange for a cast payment of $7,611.50, representing the difference between the exercise price of the option and the common stock merger consideration of $1.60 per share |
| (3) | This option, which provided for one third vesting immediately upon the grant date of April 15, 2004, with additional one third vesting on each subsequent anniversary of said grant date, was cancelled upon consummation of the Merger in exchange for a cast payment of $54,888.50, representing the difference between the exercise price of the option and the common stock merger consideration of $1.60 per share. |