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, 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. | 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 | ||||
6% Convertible Debenture | 11/26/2009 | 11/26/2014(1) | Common Stock | 37,500 | $ 4 | I | Footnote (2) |
Option (right to buy) | 12/13/2010(3) | 12/13/2019 | Common Stock | 65,000 | $ 4.05 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Pollack Jonathan 2300 YONGE STREET SUITE 1710 TORONTO, A6 M4P 1E4 |
 X |  |  |  |
/s/ Jonathan Pollack | 05/19/2011 | |
**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) | The convertible debenture is convertible into common stock of the Company at any time prior to the repayment date. It is payable upon the earlier of (i) November 26, 2014, (ii) the consent of holder, or (iii) upon certain changes of control. |
(2) | By JMP FAM Holdings Inc., over which filer has sole voting and dispositive control. |
(3) | The option was issued on December 13, 2009. It vests in five equal annual installments of 13,000 shares on the anniversary date of the grant, commencing December 13, 2010. |