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 Option (Right to Buy)
|
08/24/2013(2)
|
08/24/2022 |
Class A Common Stock
|
243,750
|
$
1.21
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
08/15/2013(3)
|
08/15/2022 |
Class A Common Stock
|
225,000
|
$
1.24
|
D
|
Â
|
Employee Stock Option (Right to Buy)
|
02/28/2015(4)
|
02/24/2024 |
Class A Common Stock
|
250,000
|
$
1.52
|
D
|
Â
|
Restricted Stock Unit Award
|
08/24/2013(5)
|
08/24/2022 |
Class A Common Stock
|
30,469
|
$
0
(6)
|
D
|
Â
|
Restricted Stock Unit Award
|
08/24/2012(7)
|
08/24/2016 |
Class A Common Stock
|
20,312
|
$
0
(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) |
Includes 75,000 shares of restricted stock that are subject to vesting conditions as established by the Compensation Committee of the Issuer's Board of Directors. |
(2) |
25% of the options vest on each of August 24, 2013, August 24, 2014, August 24, 2015 and August 24, 2016, subject to the continued employment of the Reporting Person through such dates. |
(3) |
25% of the options vest on each of August 15, 2013, August 15, 2014, August 15, 2015 and August 15, 2016, subject to the continued employment of the Reporting Person through such dates. |
(4) |
25% of the options vest on each of February 28, 2015, February 28, 2016, February 28, 2017 and February 28, 2018, subject to the continued employment of the Reporting Person through such dates. |
(5) |
10,156 restricted stock units vest on August 24, 2014, 10,156 restricted stock units vest on August 24, 2015 and 10,157 restricted stock units vest on August 24, 2016, subject to the continued employment of the Reporting Person through such dates. |
(6) |
Converts into Class A Common Stock on a one-for-one basis upon vesting. |
(7) |
The restricted stock units will vest when the average closing share price of the Issuer's Class A Common Stock for any 60 consecutive calendar days, as reported on Nasdaq, is $3.00 or higher, subject to the continued employment of the Reporting Person through such date. |