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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 | (2) | 02/26/2010 | D | 100,000 (2) | (2) | (2) | COMMON STOCK | 100,000 | (2) | 208,095 (4) | D | ||||
PREFERRED STOCK | (3) | 06/10/2008 | M | 10,000 (3) | (3) | (3) | COMMON STOCK | 133,334 | (3) | 308,095 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
MURPHREE CHARLES LEROY JR 205 CARRIAGE ST. GUIN, AL 35563 |
X |
/s/ CHARLES LEROY MURPHREE, JR. | 04/08/2010 | |
**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) | The Issuer redeemed from the Reporting Person 382,979 common shares at a price of $0.35 per share. |
(2) | The Issuer redeemed from the Reporting Person (a) options exercisable for 50,000 shares of common stock and an exercise price of $1.14, and (b) options exercisable for 50,000 shares of common stock and an exercise price of $1.11. |
(3) | The Reporting Person converted 10,000 shares of Series A Convertible Preferred Stock into 133,334 shares of common stock. Each share of Series A Convertible Stock converts into 13.34 shares of common stock. |
(4) | Includes: (a) 133,334 common shares issuable upon exercise of the Company's Series A Common Stock Purchase Warrants, (b) 8,094 common shares issuable upon exercise of another of the Company's Series A Common Stock Purchase Warrants, and (d) 66,667 common shares issuable upon exercise of the Company's Series B Common Stock Purchase Warrants. |