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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 | ||||||||
Warrant to Purchase Stock | $ 1.92 | 03/04/2008 | X | 17,567 | (3) | 03/07/2008 | Common Stock | 17,567 | $ 0 | 0 | I | See footnote. (1) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SKAFF DANIEL L 2330 MARINSHIP WAY SUITE 130 SAUSALITO, CA 94965 |
X |
Daniel L. Skaff | 03/04/2008 | |
**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) | Securities are held directly by Sienna Limited Partnership III, L.P. ("Sienna III"). Daniel Skaff, a director of the issuer, is a managing member of Sienna Associates III, L.L.C. (the general partner of Sienna III), and may be deemed an indirect beneficial owner of those shares held by Sienna III, but he disclaims beneficial ownership in such shares except to the extent of his pecuniary interest therein. |
(2) | Shares are held directly by Sienna Associates III, L.L.C. Daniel Skaff, a director of the issuer, is a managing member of Sienna Associates III, L.L.C., and may be deemed an indirect beneficial owner of those shares held by Sienna Associates III, L.L.C., but he disclaims beneficial ownership in such shares except to the extent of his pecuniary interest therein. |
(3) | Warrants were exercisable on the closing of the issuer's Series B Preferred Stock financing. |
(4) | This represents shares that were withheld by the issuer pursuant to the net exercise feature for the exercise of the warrants reported herein. |