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) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Employee Stock Option (right to buy)
|
10/01/2003(4)
|
10/01/2008 |
Common Stock
|
105,556
|
$
0.18
|
D
|
Â
|
Employee Stock Option (right to buy)
|
11/03/2004(5)
|
12/03/2009 |
Common Stock
|
166,666
|
$
0.75
|
D
|
Â
|
Employee Stock Option (right to buy)
|
03/01/2005(6)
|
07/20/2016 |
Common Stock
|
183,333
|
$
3.9
|
D
|
Â
|
Employee Stock Option (right to buy)
|
09/07/2007(7)
|
09/07/2016 |
Common Stock
|
133,332
|
$
3.9
|
D
|
Â
|
* |
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) |
These securities are held by L. Gregory Ballard and Lucy H. Ballard Revocable Trust U/A/D October 26, 1966, of which Mr. Ballard is a Co-trustee. |
(2) |
These securities are held in custodial accounts for Mr. Ballard's minor children. |
(3) |
These securities are held in a Grantor Retained Annuity Trust, of which Mr. Ballard is a trustee. |
(4) |
Immediately exercisable. Option vests over four years with 25% of the shares vesting one year after grant, and the remaining shares vesting in equal monthly installments thereafter for a period of three years. |
(5) |
Immediately exercisable. Options vest monthly. |
(6) |
Immediately exercisable. Options vest over four years, with 50% of the shares vesting after 2 years and the remaining shares vesting in equal montly installments thereafter. |
(7) |
Options vest over four years with 25% of the shares vesting one year after grant, and the remaining shares vest in equal monthly installments thereafter for a period of three years. |