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 | ||||
A Warrants | 11/14/2011 | 11/13/2012 | Common Stock | 450,000 | $ 1 (4) | I | Fund manager. |
B Warrants | Â (5) | 11/13/2014 | Common Stock | 450,000 | $ 1 (6) | I | Fund manager. |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ELSER MARCO M VIA PARIGI 11 ROME, L6 00185 |
 X |  |  |  |
/s/ Marco M. Elser | 08/07/2012 | |
**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) | Owned by Carlisle Investments, of which I exercise voting and dispositive rights as the account manager, but disclaim any beneficial ownershp. |
(2) | Owned by Elser & Co., of which I exercise voting and dispositive rights as the account manager, but disclaim any beneficial ownerhip. |
(3) | Owned by AdviCorp plc, of which I exercise voting and dispositive rights as the account manager, and own 50% of the equity of AdviCorp plc. |
(4) | Each A Warrant entitles the holder to purchase one share of Common Stock at an exercise price of $0.20 per share. |
(5) | The B Warrants are exercisable upon the holder's exercise of the A Warrants, pursuant to which the B Warrants are issued and are exercisable for three years from date of the transaction. |
(6) | Each B Warrant entitles the holder to purchase one share of Common Stcok at an exercise price of $0.50 per share. |