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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 Warrants | $ 4.75 | 03/25/2014 | J(1) | 1,777,211 | 03/25/2014 | 03/25/2021 | Common Stock | 1,777,211 | (2) | 1,777,211 | I | By WAVI (3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
VILLIGER WALTER PARADIESSTRASSE 25 JONA, V8 CH 8645 |
X |
/s/ Walter Villiger | 03/25/2014 | |
**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) | Units consisting of common stock and warrants were issued to WAVI Holding AG ("WAVI") in connection with conversion of outstanding promissory notes and interest accrued thereon. |
(2) | Each unit acquired in the conversion consisted of 1 common stock and 1 common stock warrant at a price of $4.30 per unit. |
(3) | These shares and warrants are owned directly by WAVI, a 10% owner of the Issuer, and indirectly by the Reporting Person as sole owner of WAVI. The Reporting Person is a 10% owner of the Issuer. |
(4) | Common stock reflected takes into account 1-for-14 split effectuated by the Issuer on January 29, 2014. |