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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 | ||||||||
Stock Options, right to buy (2) | $ 0.1 | 03/30/2005 | D | 585,000 | 03/05/2003 | 03/04/2008 | Common Stock | 585,000 | $ 0.1 | 0 | D | ||||
Stock Options, right to buy (3) | $ 0.1 | 03/30/2005 | D | 415,000 | 03/05/2003 | 03/04/2008 | Common Stock | 415,000 | $ 0.1 | 2,500,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ROBSON DAVID ST PETER PORT GUERNSEY, BRITISH ISLES GY1 3RR |
X | President and CEO |
/s/: Liz Landles on behalf of David Robson appointed under Power of Attorney dated September 18, 2002 | 04/01/2005 | |
**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) | The price per share was NOK7.9948 which was equivalent to $1.266 per share on 2005-03-31 therefore total proceeds were $1,266,000 |
(2) | Options originally granted July 9, 2001 - terms amended March 5, 2003 - options exercisable immediately |
(3) | Options originally granted June 26, 2000 - terms amended March 5, 2003 - options exercisable immediately |