3: Statement of changes in beneficial ownership of securities
Published on February 8, 2013
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 | ||||
Option to purchase Common Stock | (1) | 01/30/2018 | Common Stock | 2,000,000 | $ 0.75 | D |
Reporting Owners
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Howe Steve 999 19TH STREET, SUITE 3000 DENVER, CO 80202 |
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Signatures
/s/ Steve R. Howe | 02/08/2013 | |
**Signature of Reporting Person | Date |
Explanation of Responses:
* | 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). |
(1) | (1) Pursuant to the terms of the Reporting Person's option to purchase common stock ("Common Stock Option"), 50% of the Common Stock Option vested on January 30, 2013 with the remaining 50% of the Common Stock Option to vest monthly over the thirty-six months following January 30, 2013. Pursuant to a domestic relations order, Mrs. Howe is entitled to 50% of the 2,000,000 shares of common stock issuable upon the exercise of Mr. Howe's Common Stock Option. In accordance with the domestic relations order, Mr. Howe will transfer the vested portion of the Common Stock Option as of January 30, 2013 (the option to purchase 1,000,000 common shares of common stock of the Issuer) over which he disclaims beneficial ownership or pecuniary interest |