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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 | ||||||||
Stock Option (Right to Buy) | $ 2.14 | 09/18/2007 | A | 75,000 | (1) | 09/17/2017 | Common Stock | 75,000 | $ 0 | 75,000 | D | ||||
Stock Option (Right to Buy) | $ 2.25 | 09/18/2007 | D(2) | 125,000 | (2) | 02/25/2008 | Common Stock | 125,000 | $ 0 | 0 | D | ||||
Stock Option (Right to Buy) | $ 2.25 | 09/18/2007 | A(2) | 125,000 | (2) | 02/25/2013 | Common Stock | 125,000 | $ 0 | 125,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MERIGAN THOMAS 4435 EASTGATE MALL, SUITE 400 SAN DIEGO, CA 92121 |
X |
Robert W. Weber, Attorney-in-Fact | 09/19/2007 | |
**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) | One third of the shares subject to the Stock Option shall vest and become exercisable on the first anniversary of the date of grant. The balance of the shares shall vest and become exercisable in 24 equal monthly installments thereafter. |
(2) | Amendment of an outstanding stock option in order to extend the termination date of the exercise period for the stock option from February 25, 2008 to February 25, 2013 resulting in deemed cancellation of the stock option and grant of a replacement stock option. The stock option was originally granted on February 26, 2003 and was fully vested and exercisable upon grant. |