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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 Purchase Option (right to buy) | $ 0.61 | 10/20/2009 | D(1) | 250,000 | (2) | 12/12/2009 | Common Stock | 250,000 | $ 0 | 0 | D | ||||
Common Stock Purchase Option (right to buy) | $ 0.61 | 10/20/2009 | A | 250,000 | (2) | 10/26/2014 | Common Stock | 250,000 | $ 0 | 250,000 | D | ||||
Common Stock Purchase Option (right to buy) | $ 0.001 | 10/20/2009 | D(1) | 1,120,704 | (2) | 04/05/2010 | Common Stock | 1,120,704 | $ 0 | 0 | D | ||||
Common Stock Purchase Option (right to buy) | $ 0.001 | 10/20/2009 | A | 1,120,704 | (2) | 10/26/2014 | Common Stock | 1,120,704 | $ 0 | 1,120,704 | D | ||||
Common Stock Purchase Option (right to buy) | $ 0.64 | 03/08/2010 | A | 500,000 | (3) | 03/07/2020 | Common Stock | 500,000 | $ 0 | 500,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
GLUSKIN ANNA E 33 HARBOUR SQUARE SUITE 202 TORONTO, A6 M5J 2G2 |
X | CEO & President |
/s/ Anna E. Gluskin | 03/10/2010 | |
**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) | Deemed cancellation of option in connection with deemed grant of replacement option. |
(2) | The reported transaction involved the extension of the term of existing options through October 26, 2014 as previously reported in the issuer's Current Report on Form 8-K filed on October 23, 2009. |
(3) | The option becomes exercisable in three installments, with the first installment (166,666 shares) exercisable as of the date of grant, the second installment (166,667 shares) exercisable as of August 1, 2010 and the third installment (166,667 shares) exercisable as of August 1, 2011. |