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 | ||||
Restricted Share Units | Â (1) | Â (1) | Common Shares | 33,139 | $ (1) | D | Â |
Common Share Options (Right to Buy) | Â (2) | 09/02/2014 | Common Shares | 36,771 | $ 0.9 (6) | D | Â |
Common Share Options (Right to Buy) | Â (2) | 03/05/2015 | Common Shares | 21,107 | $ 0.81 (6) | D | Â |
Common Share Options (Right to Buy) | Â (2) | 01/28/2016 | Common Shares | 40,343 | $ 2.87 (6) | D | Â |
Common Share Options (Right to Buy) | Â (2) | 07/07/2016 | Common Shares | 100,000 | $ 1.57 (6) | D | Â |
Common Share Options (Right to Buy) | Â (2) | 09/09/2016 | Common Shares | 51,641 | $ 1.17 (6) | D | Â |
Common Share Options (Right to Buy) | Â (2) | 01/12/2017 | Common Shares | 71,150 | $ 0.91 (6) | D | Â |
Common Share Options (Right to Buy) | Â (3) | 12/07/2017 | Common Shares | 82,523 | $ 0.76 (6) | D | Â |
Common Share Options (Right to Buy) | Â (4) | 04/25/2018 | Common Shares | 36,125 | $ 0.77 (6) | D | Â |
Common Share Options (Right to Buy) | Â (5) | 12/27/2018 | Common Shares | 55,720 | $ 1.2 (6) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HATTEN STEVEN M. 10758 W. CENTENNIAL ROAD SUITE 200 LITTLETON, CO 80127 |
 |  |  Vice President of Operations |  |
/s/ Steven M. Hatten | 01/10/2014 | |
**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) | Includes 19,209 common shares issuable upon vesting of outstanding Restricted Share Units. Each Restricted Share Unit ("RSU") entitles the holder to receive delivery of one common share upon satisfaction of the RSU vesting period. RSUs held by the reporting person will vest as follows: 8,894 on January 11, 2014 , 10,315 on December 7, 2014, 6,965 on December 27, 2014 and 6,965 on December 27, 2015. At the Issuer's election, outstanding RSUs may be redeemed for cash. |
(2) | Fully vested and currently exercisable. |
(3) | Includes options to purchase 44,562 common shares that are vested and currently exercisable. Remaining options will vest as follows: 18,155 on January 22, 2014 and 19,806 on June 7, 2014. |
(4) | Includes options to purchase 11,560 common shares that are vested and currently exercisable. Remaining options will vest as follows: 7,948 on January 24, 2014, 7,947 on June 10, 2014 and 8,670 on October 24, 2014. |
(5) | Includes options to purchase 5,572 common shares that are vested and currently exercisable. Remaining options will vest as follows: 12,258 on May 13, 2014, 12,259 on September 27, 2014, 12,258 on February 11, 2015 and 13,373 on June 27, 2015. |
(6) | Prices are expressed in Canadian dollars. |
 Remarks: Exhibit List: Exhibit 24.1--Power of Attorney |