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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 | ||||||||
10% Secured Convertible Promissory Note Due 2015 | $ 0.07 | 10/01/2013 | A | $ 630 (2) | 04/09/2013 | 07/31/2015 | Common Stock | 9,002 | (1) | $ 26,199 | D | ||||
10% Secured Convertible Promissory Note Due 2015 | $ 0.07 | 10/01/2013 | A | $ 630 (2) | 01/18/2012 | 07/31/2015 | Common Stock | 9,002 | (1) | $ 26,658 | D | ||||
Common Stock Warrant, right to buy | $ 0.08 | 10/01/2013 | A | 18,005 (2) | 06/19/2013 | 05/31/2018 | Common Stock | 18,005 | (1) | 40,804 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SHORT W. JOHN 6720 N SCOTTSDALE SUITE 390 SCOTTSDALE, AZ 85253 |
X | CEO |
J. Dale Belt, by power of attorney | 10/01/2013 | |
**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) | Under the terms of the note and warrant purchase agreement dated January 17, 2013, and as amended, effective May 9, 2013, Mr. Short elected to receive additional convertible promissory notes and associated warrants in lieu of cash interest payments on existing notes and related warrants (Payment in Kind). Under the agreement, each holder that elects the Payment in Kind option receives all interest through June 30, 2014, through the issuance of such notes and warrants. |
(2) | Under the agreement, the shares underlying Mr. Short's warrant to purchase common stock and the principal amount of Mr. Short' s notes were increased pursuant to his Payment in Kind election for interest accruing from July 1, 2013 to September 30, 2013. |