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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 | ||||||||
Common Stock Warrants (right to buy) | $ 1 (1) | 03/29/2016 | O(1) | 133,333 | 11/16/2012 | 11/16/2017 | Common Stock | 133,333 | (1) | 0 | D | ||||
Common Stock Warrants (right to buy) | $ 0.85 | 03/29/2016 | O(1) | 133,333 | 03/29/2016 | 06/19/2020 | Common Stock | 133,333 | (1) | 133,333 | D | ||||
Common Stock Warrants (right to buy) | $ 1 (1) | 03/29/2016 | O(1) | 133,333 | 12/03/2012 | 12/03/2017 | Common Stock | 133,333 | (1) | 0 | D | ||||
Common Stock Warrants (right to buy) | $ 0.85 | 03/29/2016 | O(1) | 133,333 | 03/29/2016 | 06/19/2020 | Common Stock | 133,333 | (1) | 133,333 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CULPEPPER PETER R 7327 OAK RIDGE HWY., SUITE A KNOXVILLE, TN 37931 |
Interim CEO, CFO, COO |
/s/ Peter R. Culpepper | 03/31/2016 | |
**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) | On March 29, 2016, the reporting person exercised 266,666 warrants pursuant to the Issuer's warrant exchange offer, at a discounted exercise price of $0.50 per share, which exercise consisted of: (i) an exercise of 133,333 shares pursuant to a warrant issued on November 16, 2012, with an original exercise price of $1.00 per share and (ii) an exercise of 133,333 shares pursuant to a warrant issued on December 3, 2012, with an original exercise price of $1.00 per share. Under the terms of the warrant exchange offer, holders received, in addition to the common stock acquired upon exercise of their existing warrants, an equal number of new warrants to purchase the same number of shares of the Issuer's common stock at an exercise price of $0.85 per share that will expire June 19, 2020. |