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) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Non Qualified Stock Option (Right to Buy)
|
02/01/2006(3)
|
01/18/2012 |
Common Stock
(4)
|
75,000
|
$
2.65
|
D
|
|
Non Qualified Stock Option (Right to Buy)
|
02/25/2005(5)
|
01/25/2012 |
Common Stock
(4)
|
52,500
|
$
2.76
|
D
|
|
Non Qualified Stock Option (Right to Buy)
|
07/01/2005(5)
|
05/31/2012 |
Common Stock
(4)
|
400,000
|
$
2.62
|
D
|
|
Non Qualified Stock Option (Right to Buy)
|
08/01/2005(5)
|
06/28/2012 |
Common Stock
(4)
|
62,500
|
$
2.92
|
D
|
|
Restricted Stock Units
(6)
|
08/22/2007(7)
|
(7)
|
Common Stock
(6)
|
80,000
|
$
0
|
D
|
|
* |
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) |
Restricted Stock Award granted on January 25, 2005 under Rule 16b-3. Restricted stock will vest 25% annually over three years beginning on January 25, 2006. |
(2) |
Restricted Stock Award granted on June 28, 2005 under Rule 16b-3. Restricted stock will vest 25% annually over four years beginning on July 1, 2006. |
(3) |
Stock option vests 25% on the first anniversary and monthly thereafter at a rate of 1/48th per month for the remaining three years. |
(4) |
Right to buy under Rule 16b-3 plan. |
(5) |
Stock option vests monthly in equal installments over 4 years. |
(6) |
Restricted Stock Units convert to shares of Common Stock on a 1-for-1 basis. |
(7) |
Restricted Stock Units will vest over a period of two years, as follows: the first 50% will vest on August 22, 2007 and the remaining 50% on August 22, 2008. |