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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, 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. | |||
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 | ||||||||
Options to Purchase Common Stock | (1) | (1) | (1) | Common Stock | 500,000 | 500,000 (1) | D | ||||||||
Options to Purchase Common Stock | $ 0.183 | 05/01/2007 | 04/30/2012 | Common Stock | 25,000 | 525,000 | D | ||||||||
Warrants | $ 0.1 | 02/01/2007 | 02/01/2012 | Common Stock | 500,000 | 1,025,000 | D | ||||||||
Warrants | $ 0.1 | 02/05/2007 | 02/05/2012 | Common Stock | 350,000 | 1,375,000 | D | ||||||||
Warrants | $ 0.1 | 03/21/2007 | 03/21/2012 | Common Stock | 500,000 | 1,875,000 | D | ||||||||
Options to Purchase Common Stock | $ 0.2 | 05/20/2007 | A(2) | 75,000 | 05/20/2007 | 05/19/2012 | Common Stock | 75,000 | $ 0 | 1,950,000 | D | ||||
Options to Purchase Common Stock | $ 0.2115 | 05/20/2007 | A(3) | 100,000 | 05/20/2007 | 05/19/2012 | Common Stock | 100,000 | $ 0 | 2,050,000 | D | ||||
Options to Purchase Common Stock | $ 0.2115 | 05/20/2007 | A(4) | 200,000 | 05/20/2007 | 05/19/2012 | Common Stock | 200,000 | $ 0 | 2,250,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SAUL RONALD J 3999 BENDEN CIRCLE MURRYSVILLE, PA 15668 |
X | X |
/s/ Ronald J. Saul | 05/22/2007 | |
**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 aggregate number of options owned have various Conversion/Exercise Prices at various Dates Exercisable and Expiration Dates. |
(2) | Options acquired for consideration of 1 year term extension of $50,000 loan by Reporting Person to Issuer. |
(3) | Options acquired for consideration of $100,000 loan by Reporting Person to Issuer. |
(4) | Options acquired for services rendered beyond the Reporting Person's services as a Director. |