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) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Stock Option (right to buy)
|
Â
(1)
|
04/05/2021 |
Common Stock
|
3,500
|
$
13.5
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(2)
|
03/06/2022 |
Common Stock
|
1,836
|
$
12.7
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(3)
|
02/05/2023 |
Common Stock
|
11,750
|
$
7.82
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(4)
|
06/26/2023 |
Common Stock
|
15,000
|
$
2.51
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(5)
|
06/19/2024 |
Common Stock
|
30,000
|
$
1.57
|
D
|
Â
|
* |
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) |
This option vests in equal monthly installments beginning March 14, 2012 through March 14, 2015. |
(2) |
This option vests in equal monthly installments beginning January 1, 2013 through January 1, 2016. |
(3) |
This option vests in equal monthly installments beginning January 1, 2014 through January 1, 2017. |
(4) |
These options vest and become exercisable over a period of two years, with 40% becoming exercisable on July 1, 2014 and the remaining 60% becoming exercisable on July 1, 2015. |
(5) |
These options vest and become exercisable as to (a) 33% of the total shares on the date upon which the closing price of the Company's common stock is equal to or above $3.00 or more per share for at least 30 consecutive trading days, if such event occurs prior to December 31, 2016; (ii) 33% of the total shares on the date upon which the closing price of the Company's common stock is equal to or above $4.50 or more per share for at least 30 consecutive trading days, if such event occurs prior to December 31, 2017; and (iii) 34% of the total shares on the date upon which the closing price of the Company's common stock is equal to or above $6.50 or more per share for at least 30 consecutive trading days, if such event occurs prior to December 31, 2018. |