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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, 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. | |||
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 | ||||||||
Qualified Options | $ 0.78 | 12/15/2011 | A | 450,000 | 12/15/2012(1) | 12/15/2017 | Common Stock | 450,000 | (2) | 450,000 | D | ||||
Qualified Options | $ 0.29 | 03/16/2010(3) | 03/16/2015 | Common Stock | 400,000 | 400,000 | D | ||||||||
Non-Qualified Options | $ 1.12 | 06/06/2007(4) | 06/06/2012 | Common Stock | 600,000 | 600,000 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WILLIAMS MICHAEL P C/O AUTOINFO, INC. 6413 CONGRESS AVENUE, SUITE 260 BOCA RATON, FL 33487 |
President & General Counsel |
/s/ Michael P. Williams | 12/15/2011 | |
**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) | The qualified stock option is exercisable as follows: (a) to acquire 90,000 shares of common stock on 12/15/2012 and an additional 90,000 shares on each successive anniversary date through 12/15/2016. |
(2) | Not applicable. |
(3) | The qualified stock option is exercisable as follows: (a) to acquire 133,334 shares of common stock on 3/16/2010 and an additional 133,333 shares on each successive anniversary date through 3/16/2012. |
(4) | The non-qualified stock option is exercisable as follows: (a) to acquire 50,000 shares of common stock on 6/6/2007 and an additional 50,000 shares on each successive anniversary date through 6/6/2011; and (b) beginning on 12/31/2009, the stock option is exercisable to acquire an additional 100,000 shares of common stock on each of 12/31/2009 and 12/31/2010, and an additional 150,000 shares of common stock on 12/31/2011. |