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 | ||||
Options | 01/09/2005(2) | 01/09/2015 | Common Stock | 120,000 (2) | $ 6.3 | D | Â |
Options | Â (2) | 01/09/2015 | Common Stock | 480,000 (2) | $ 6.3 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Coccari Gregg 490 NORTH WIGET LANE WALNUT CREEK, CA 94598 |
 |  |  CEO |  |
Gregg Coccari | 01/11/2005 | |
**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) | Upon commencement of his employment with the Company, Mr. Coccari received 240,000 shares of the Company's common stock. Of those shares, 80,000 vested immediately, and an additional 80,000 will vest upon each of the first and second anniversaries of Mr. Coccari's employment, assuming he continues his employment with the Company. |
(2) | Upon commencement of his employment, Mr. Coccari also received options to purchase up to 600,000 shares of the Company's common stock. Of those options, 120,000 vested immediately. Of the remaining 480,000 options, 10,000 options will vest the first day of each of the 48 months following the commencement of Mr. Coccari's employment with the Company. |