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 |
Employee Stock Options (right to buy)
|
Â
(1)
|
12/03/2024 |
Common Stock
|
30,000
|
$
2.6
|
D
|
Â
|
Employee Stock Options (right to buy)
|
Â
(2)
|
12/03/2024 |
Common Stock
|
67,500
|
$
2.6
|
D
|
Â
|
Employee Stock Options (right to buy)
|
Â
(3)
|
12/03/2024 |
Common Stock
|
202,500
|
$
2.6
|
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) |
30,000 shares will vest, if at all, upon 1st Detect Corporation, a wholly owned subsidiary of the Issuer, reaching $5,000,000 in revenue during the period commencing on December 1, 2014 and ending on December 31, 2016 |
(2) |
67,500 shares will vest, if at all, upon 1st Detect Corporation, a wholly owned subsidiary of the Issuer, reaching $7,500,000 in revenue during the period commencing on December 1, 2014 and ending on December 31, 2016 |
(3) |
202,500 shares will vest, if at all, upon 1st Detect Corporation, a wholly owned subsidiary of the Issuer, reaching $10,000,000 in revenue during the period commencing on December 1, 2014 and ending on December 31, 2016 |