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 | ||||
Senior Secured Convertible Debentures | (1) | 10/15/2014 | Common Stock, $0.01 par value | (2) | $ 0.43 | D | |
Warrants | 10/15/2013 | 10/15/2018 | Common Stock, $0.01 par value | 1,041,861 | $ 0.4488 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Casano Frank 3 COLUMBUS CIRCLE, 16TH FLOOR NEW YORK, NY 10019 |
X |
/s/ Frank Casano | 02/07/2014 | |
**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) | On April 24, 2013, the Issuer issued Senior Secured Convertible Debentures ("Debentures") to Frank Casano that may be converted into Common Stock, $0.01 par value ("Common Stock"), of the Issuer at any time prior to the Debentures maturity date of October 15, 2014. |
(2) | The Debentures issued to Mr. Casano are in the principal amount of $448,000 and are convertible into the number of shares of Common Stock equal to the Debentures' principal amount of $448,000 divided by $0.43, the conversion price of the Debentures. |