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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 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 Warrant | $ 0.30 | 08/26/2009 | C | 478,082 | 08/26/2009 | 08/26/2019 | Common Stock | 478,082 | $ 0.27 | 478,082 | I | Brandt Ventures | |||
| Common Stock Warrrant | $ 0.59 | 10/31/2006 | 10/31/2011 | Common Stock | 601,646 | 601,646 | D | ||||||||
| Option (Right to Buy) | $ 1.09 | 08/08/2007(2) | 08/08/2017 | Common Stock | 968,889 | 968,889 | D | ||||||||
| Option (Right to Buy) | $ 1.20 | 08/08/2007(3) | 08/08/2017 | Common Stock | 333,611 | 333,611 | D | ||||||||
| Secured Promissory Note | $ 0.27 | 08/26/2009 | 08/26/2009 | C | $ 258,164.38 | 08/26/2009 | 08/26/2009 | Common Stock and Warrants | 1,434,246 (4) | $ 250,000 | $ 0 | I | Brandt Ventures | ||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Brandt Leonard J. 28911 VIA HACIENDA SAN JUAN CAPISTRANO, CA 92675 |
X | X | ||
| Leonard J. Brandt | 08/28/2009 | |
| **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) | The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admisssion that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. |
| (2) | The options to purchase 968,889 shares vest as follows: options to purchase 269,357 shares vested on August 8, 2007, options to purchase 135,675 shares vested in equal monthly amounts of 27,135 shares over 5 months beginning on August 31, 2007; options to purchase 543,726 shares vest in equal monthly amounts of 20,138 shares over 27 months beginning on January 31,2008; and the remaining options to purchase 20,131 shares vest on April 30, 2010. |
| (3) | The options to purchase 333,611 shares vest as follows: options to purchase 83,403 shares vested on August 8, 2007, options to purchase 243,250 shares vest in equal monthly amounts of 6,950 shares over 35 months commencing on January 31, 2008; and the remaining options to purchase 6,958 vest on December 31, 2010. |
| (4) | Consists of 956,164 shares of Common Stock and 478,082 shares reserved for issuance upon exercise of warrants to purchase Common Stock. |