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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 | ||||||||
A Warrants | $ 0.2 | 08/14/2013 | C | 90,000 | 11/14/2011 | 09/13/2013 | Common Stock | 90,000 | $ 0.2 | 0 | I | Manager of the accounts. (2) | |||
B Warrants | $ 0.5 | 08/14/2013 | C | 90,000 | 08/14/2013 | 11/14/2014 | Common Stock | 90,000 | $ 0.5 | 90,000 | I | Manager of the accounts. (2) (3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
ELSER MARCO M VIA SISTINA 121 ROME, L6 00187 |
X |
/s/ Marco Elser | 08/16/2013 | |
**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) | 302,500 of which are owned by Elser & Co., of which I exercise voting and dispositive rights as the account manager, but disclaim any beneficial ownership. 342,500 of which are owned by Carlisle Investments, of which I exercise voting and dispositive rights as the account manager, but disclaim any beneficial ownership. 60,000 of which are owned by AdviCorp plc, of which I exercise voting and dispositive rights as the account manager, and own 50% of the equity of AdviCorp plc. No change in ownership on behalf of AdviCorp plc is being reported in this Form 4. |
(2) | 40,000 of which are owned by Elser & Co., of which I exercise voting and dispositive rights as the account manager, but disclaim any beneficial ownership. 50,000 of which are owned by Carlisle Investments, of which I exercise voting and dispositive rights as the account manager, but disclaim any beneficial ownership. |
(3) | Each B Warrant entitles the holder to purchase one share of Common Stock, at an exercise price of $0.50 per share. |