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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 options | $ 0.2 | 01/18/2005 | A | 2,000,000 | 01/18/2005(2) | 01/18/2015 | Common stock | 2,000,000 | $ 0 (3) | 2,000,000 | D | ||||
Stock options | $ 0.5 | 01/18/2005 | A | 1,500,000 | 01/18/2005(4) | 01/18/2010(4) | Common stock | 1,500,000 | $ 0 (3) | 1,500,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
STOJDA MICHAEL 550 W. CYPRESS CREEK ROAD SUITE 410 FORT LAUDERDALE, FL 33309 |
X | CEO and President |
Michael Stojda, by Gerard Herlihy, Attorney in Fact | 01/18/2005 | |
**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) | Represents shares issued in connection with employment agreement that are subject to a lapsing right of forfeiture equal to 1/12th per month. |
(2) | On January 18, 2005, options to purchase 222,222 shares vested. Options to purchase an additional 55,555 shares will vest each month until all shares are vested. |
(3) | Granted pursuant to an Employment Agreement dated September 1, 2004 between the Issuer and Reporting Person. |
(4) | Options will vest after the first to occur of Splinex Technology Inc. achieving $50,000,000 of cumulative sales or September 1, 2010. |