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 | ||||
Stock Options (Right to Buy) | Â (1) | Â (1) | Common Stock | 100,000 | $ 4.24 | D | Â |
Stock Options (Right to Buy) | Â (2) | Â (2) | Common Stock | 50,000 | $ 3.65 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Roy Gavin Michael 100 UNION SQUARE DRIVE NEW HOPE, PA 18938 |
 |  |  Chief Technology Officer |  |
/s/ Gavin Roy | 12/12/2012 | |
**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 securities were granted as of November 10, 2011. Of the securities: (i) one-third vested on November 10, 2012 and (ii) the remaining vest thereafter in equal monthly increments over a two-year period, subject to the reporting person's continued employment on each applicable vesting date. The securities expire 10 years from the grant date. |
(2) | The securities were granted as of May 16, 2012. The securities vest in three equal increments on May 16, 2013, 2014 and 2015, subject to the reporting person's continued employment on each applicable vesting date. The securities expire 10 years from the grant date. |