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 | ||||
Common Class Options | 05/16/2007 | 05/16/2016 | Common Stock | 666,666 | $ 0.01 | D | Â |
Common Class Options | 05/16/2008 | 05/16/2016 | Common Stock | 666,666 | $ 0.01 | D | Â |
Common Class Options | 05/16/2009 | 05/16/2016 | Common Stock | 666,667 | $ 0.01 | D | Â |
Warrants | Â (1) | Â (1) | Common Stock | (1) | $ 0.06 | D | Â |
Series C Convertible Preferred | 10/18/2007 | Â (3) | Common Stock | (2) | $ (2) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Robison Linda 2659 W. GULF DRIVE UNIT B-102 SANIBEL, FL 33957 |
 |  |  Corporate Secretary |  |
Linda Robison | 04/08/2008 | |
**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) | Warrants are determined by number of shares received upon conversion of Series C Preferred. The expiration date is 5 years from the conversion date of Series C Preferred. Exercisable date is determined by date of Series C Preferred conversion. |
(2) | The Series C Convertible Preferred is convertible into restricted common stock at the lower of 85% of the average closing price during 20 trading days preceding the conversion or $.04. |
(3) | None. |