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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 | ||||||||
Stock Options | $ 0.41 | (2) | (2) | Common Stock | 105,000 | 105,000 | D | ||||||||
Restricted Stock Grant | (3) | (3) | (3) | Common Stock | 75,000 | 180,000 | D | ||||||||
Performance Stock Award | (4) | (4) | (4) | Common Stock | 100,000 | 280,000 | D | ||||||||
Stock Options | $ 0.7 | (5) | (5) | Common Stock | 500,000 | 780,000 | D | ||||||||
Stock Options | $ 0.73 | (6) | (6) | Common Stock | 60,000 | 840,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WILSON JEFF T 3609 S. WADSWORTH, SUITE 250 LAKEWOOD, CO 80235 |
Chief Financial Officer |
/s/Jeff T. Wilson | 08/18/2016 | |
**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) | These shares were awarded by Company to this reporting person upon execution of the Executive Employment Agreement on 9/02/2014. The right to receive these shares vested on 9/02/2015. |
(2) | These are options awarded to directors for board service on 5/10/2012. Vesting 25% on each anniversary, being fully vested 5/10/2016. The options expire 5/10/2017. |
(3) | Restricted stock grant totaling 100,000 shares was awarded 9/02/2014. The first increment of 25000 shares has vested and has been converted to shares of stock. Other blocks of 25,000 shares would vest in annual increments on 9/02/16, 9/02/17 and 9/02/18, subject to the terms of the Executive Employment Agreement. |
(4) | Restricted stock award vests upon attainment of the performance criteria set forth in the Executive Employment Agreement dated 9/02/2014. |
(5) | Stock options issued pursuant to the Executive Employment Agreement dated 9/02/2014. Options vest in four annual increments of 125,000 shares each on the anniversary date, being fully vested on 9/02/2018. |
(6) | These options are awarded to directors for board service. Vesting 25% on the day of award, 12/11/2014, and 25% on each anniversary, being fully vested on 12/11/2017. The options expire 12/11/2021. |