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 | ||||
Employee Stock Option (right to buy) | Â (1) | 07/03/2016 | Common Stock | 50,000 | $ 0.4 | D | Â |
Employee Stock Option (right to buy) | Â (2) | 02/01/2016 | Common Stock | 100,000 | $ 0.5 | D | Â |
Employee Stock Option (right to buy) | Â (3) | 01/02/2017 | Common Stock | 1,000,000 (3) | $ 0.12 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Ichim Thomas 2027 E. CEDAR ST. TEMPE, AZ 85281 |
 X |  |  Chief Executive Officer |  |
THOMAS ICHIM | 03/24/2008 | |
**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) | The option became exercisable on July 3, 2007. |
(2) | The option became exercisable on November 1, 2006. |
(3) | On January 2, 2007, the reporting person was granted an option to purchase 2,000,000 shares of common stock, which is exercisable in four equal installments. The first and second installments vested on January 2, 2007 and January 2, 2008, respectively. The third and fourth installments vest on January 2, 2009 and January 2, 2010, respectively. |