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 for purchase of Common Stock, par value $.0001/share | 05/05/2007(1) | 05/08/2013 | Common Stock, par value $.0001 per share | 3,700 (1) | $ 1 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HOESTEREY RICHARD K 7852 LA COSA DRIVE DALLAS, TX 75248 |
 X |  |  |  |
/s/ Richard K. Hoesterey | 11/20/2007 | |
**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) | Pursuant to a stock option grant dated May 5, 2006 (the "Option"), Mr. Hoesterey has the option to purchase a total of 20,000 shares of the Common Stock of the Issuer. Pursuant to the terms of the Option, the Issuer retains a right of repurchase with respect to the shares purchasable under the option (the "Option Shares"). The right of repurchase lapsed with respect to 18.5% of the Option Shares on May 5, 2007. Assuming Mr. Hoesterey continues to serve as a director of the Issuer, the right of repurchase will lapse: (a) with respect to an additional 22.5% of the Option Shares on May 5, 2008; (b) with respect to an additional 26.5% of the Option Shares on May 5, 2009; and (c) with respect to the remaining 32.5% of the Option Shares on May 5, 2010. |