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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
LEVY RALPH B RENAISSANCE HOUSE 8-20 EAST BROADWAY PEMBROKE HM 19, BERMUDAÂ |
 X |  |  |  |
/s/ Ralph B. Levy | 08/15/2007 | |
**Signature of Reporting Person | Date |
No securities are beneficially owned | |
* | 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). |
 Remarks: Explanation of Responses: No securities are beneficially owned.  In accordance with the Issuer's policies, a restricted stock grant to Mr. Levy having,  at the time of grant, an aggregate fair market value of $100,000, will be made on the third business day following the  release date of the Issuer's financial results for the third fiscal quarter of 2007.  The restricted stock will vest ratably  over a three-year period on the anniversary date of Mr. Levy's appointment to the Issuer's Board of Directors. Exhibit List:  Exhibit 24 - Power of Attorney |