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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 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% Convertible Note Due 07/08/08 | $ 0.31 | 06/24/2010 | C | 3,225,806 | 07/03/2007 | 07/08/2008 | Common Stock | 3,225,806 | $ 0.31 | 0 | D | ||||
| 8% Convertible Preferred Stock | $ 0.31 | 06/24/2010 | C | 1,613,000 | (2) | (2) | Common Stock | 1,613,000 | $ 0 | 1,613,000 | D | ||||
| Stock Option (Right to Buy) | $ 0.36 | 04/13/2011 | M | 200,000 | (3) | 01/03/2018 | Common Stock | 200,000 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $ 0.42 | 04/13/2011 | M | 180,000 | (4) | 01/07/2012 | Common Stock | 180,000 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $ 0.3 | 04/13/2011 | M | 125,000 | (4) | 01/07/2014 | Common Stock | 125,000 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $ 0.14 | 04/13/2011 | M | 100,000 | (4) | 01/15/2013 | Common Stock | 100,000 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $ 0.13 | 04/13/2011 | M | 70,000 | (4) | 02/17/2013 | Common Stock | 70,000 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $ 0.49 | 04/13/2011 | M | 150,000 | (4) | 07/28/2014 | Common Stock | 150,000 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $ 0.39 | 04/13/2011 | M | 200,000 | (4) | 12/10/2014 | Common Stock | 200,000 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $ 0.27 | 04/13/2011 | M | 300,000 | (4) | 12/15/2016 | Common Stock | 300,000 | $ 0 | 0 | D | ||||
| Stock Option (Right to Buy) | $ 0.26 | 04/13/2011 | M | 200,000 | (5) | 12/27/2015 | Common Stock | 200,000 | $ 0 | 0 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| BUPP DAVID C 425 METRO PLACE NORTH SUITE 300 DUBLIN, OH 43017 |
X | CEO and President | ||
| William J. Kelly, Jr., Attorney-In-Fact | 04/15/2011 | |
| **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) | Price represents a weighted average ranging from $0.13 to $0.49. Upon the request by the SEC staff, the Issuer, or a security holder of the Issuer, the reporting person will provide the full information about the number of shares withheld at each separate price. |
| (2) | The 8% Convertible Preferred Stock is convertible into common stock at any time and has no expiration date. |
| (3) | Option vests on specific milestones. |
| (4) | Option vests 1/3 of the underlying shares annually beginning on the first anniversary of the date of grant. |
| (5) | Option vests 1/3 of the underlying shares beginning on the date of grant and vests thereafter 1/3 of the underlying shares on each of the first and second |