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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 | ||||||||
Common Stock Option | $ 0.01 | 10/06/2015 | M | 2,500 (3) | (3) | 03/31/2025 | Common Stock, Par Value $0.01 | 2,500 | (4) | 5,000 | I | ESOP Trust Company FBO Ilan N. Sheena | |||
Common Stock Option | $ 0.01 | 10/06/2015 | M | 75,000 (5) | (5) | 09/30/2025 | Common Stock, Par Value $0.01 | 75,000 | (4) | 0 | I | ESOP Trust Company FBO Ilan N. Sheena |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Sheena Ilan N 22 LEVIN STREET HERTZLIA, L3 4678115 |
Chief Financial Officer |
Brittany Martin AIF for Ilan N. Sheena | 10/13/2015 | |
**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) | Consist of 102,500 shares of Common Stock and Stock Option to purchase an additional 260,000 shares of Common Stock. |
(2) | Consist of 177,500 shares of Common Stock and Stock Option to purchase an additional 185,000 shares of Common Stock. |
(3) | A stock option was Awarded under the issuer's 2005 Stock Option Plan on April 2, 2015 in connection with the continued employment of the reporting person to purchase 10,000 shares of Common Stock and shall vest as follows: 2,500 award shares shall vest at the end of each 90 day period commencing April 1, 2015. |
(4) | Not applicable. |
(5) | Fully vested,Non Qualified Stock Options were granted under the Issuer's 2011 Stock Option Plan, to purchase 75,000 shares of Common Stock, Par Value $0.01 at an exercise price of $0.01 per share. |