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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 | $ 3.12 | 08/28/2014 | A | 100,000 (1) | 08/28/2015 | 08/28/2021 | Common Stock | 100,000 | $ 0 | 1,021,054 | D | ||||
Options to purchase common stock | $ 3.12 | 08/28/2014 | A | 100,000 (1) | 08/28/2016 | 08/28/2021 | Common Stock | 100,000 | $ 0 | 1,121,054 | D | ||||
Options to purchase common stock | $ 3.12 | 08/28/2014 | A | 100,000 (1) | 08/28/2017 | 08/28/2021 | Common Stock | 100,000 | $ 0 | 1,221,054 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MCENANY PATRICK J 355 ALHAMBRA CIRCLE, SUITE 1500 CORAL GABLES, FL 33134 |
X | President and CEO |
/s/ Patrick J. McEnany | 11/04/2014 | |
**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) | On August 28, 2014, the Reporting Person was granted 460,000 options to purchase shares of the Registrant's Common Stock. Subsequently, the Company determined that the Reporting Person had inadvertently been issued more options than are allowed to be issued to any one individual in any one fiscal year under the Registrant's 2014 Stock Incentive Plan. The Reporting Person has agreed, for no additional consideration, and effective as of the date the options were granted, to the cancellation of that portion (160,000) of the options originally granted to him in excess of the amount allowed to be granted under the Plan. The options reported above are the corrected amount of the options granted to the Reporting Person on August 28, 2014. |