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 | ||||
Warrants to Purchase Common Stock | 11/25/2005 | 05/26/2010 | Common Stock | 325,500 (1) | $ 1.3 | D | Â |
Warrants to Purchase Common Stock | 10/12/2006 | 04/12/2011 | Common Stock | 41,684 (1) | $ 1.6 | D | Â |
Warrants to Purchase Common Stock | 12/27/2006 | 12/27/2011 | Common Stock | 77,520 (1) | $ 1.7 | D | Â |
10% Secured Convertible Notes | 05/30/2008 | Â (2) | Common Stock | 1,007,365 (1) | $ 0.295 | D | Â |
Warrants to Purchase Common Stock | 12/01/2008 | 05/30/2013 | Common Stock | 604,419 (1) | $ 0.369 | D | Â |
10% Secured Convertible Notes | 10/17/2008 | Â (3) | Common Stock | 2,164,764 (1) | $ 0.235 | D | Â |
Warrants to Purchase Common Stock | 04/17/2009 | 10/17/2013 | Common Stock | 1,298,858 (1) | $ 0.294 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
PROQUEST INVESTMENTS II LP 90 NASSAU STREET, 5TH FLOOR PRINCETON, NJ 08542-4520 |
 |  X |  |  |
PROQUEST ASSOCIATES II LLC 90 NASSAU STREET, 5TH FLOOR PRINCETON, NJ 08542-4520 |
 |  X |  |  |
/s/ Pasquale De Angelis as Attorney-in-Fact | 12/23/2008 | |
**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) | Such securities are owned by ProQuest Investments II, L.P. ("Investments II"), of which ProQuest Associates II LLC ("Associates II") is the general partner. |
(2) | The principal and accrued interest under the convertible notes will become due and payable upon the earlier of (i) demand by the holder on or after November 26, 2008 or (ii) any Change of Control, as defined in the convertible notes. |
(3) | The principal and accrued interest under the convertible notes will become due and payable upon the earlier of (i) demand by the holder on or after April 15, 2009 or (ii) any Change of Control, as defined in the convertible notes. |