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 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 | ||||
Non Qualified Stock Option (Right to Buy) (2) | 07/01/2004(3) | 07/01/2011 | Common Stock | 400,000 | $ 2.97 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hayes Edward J Jr 1650 TECHNOLOGY DRIVE SUITE 800 SAN JOSE, CA 95110 |
Executive VP & CFO |
/s/ Rita Larsen, by Rita Larsen, Attorney in Fact for Edward J. Hayes, Jr. | 07/01/2004 | |
**Signature of Reporting Person | Date |
* | 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) | All direct ownership shares result from grant of restricted stock under Rule 16b(3) plan. The vesting of restricted stock will be: 50% on 7/1/2004; 25% on 7/1/2005; 25% on 7/1/2006. Purchase price of restricted stock is $0.01 per share. |
(2) | Right to buy granted under Rule 16b(3) plan. |
(3) | The non qualified stock options shall vest over four years as follows: 25% will vest on 7/1/2005 and the remainder will vest monthly thereafter at a rate of 1/48th of the original grant amount over the following three years. |