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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 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 | ||||||||
Employee Stock Option (right to buy) | $ 1.1337 | 12/23/2019(1) | A | 55,129 | 01/10/2021 | 01/10/2021 | Common Stock | 55,129 | $ 0 | 655,129 | D | ||||
Employee Stock Option (right to buy) | $ 1.1337 | 12/23/2019(1) | A | 55,129 | 01/10/2022 | 01/10/2022 | Common Stock | 55,129 | $ 0 | 710,258 | D | ||||
Employee Stock Option (right to buy) | $ 1.1337 | 12/23/2019(1) | A | 71,543 | 01/10/2021 | 01/10/2021 | Common Stock | 71,543 | $ 0 | 781,801 | D | ||||
Employee Stock Option (right to buy) | $ 1.1337 | 12/23/2019(1) | A | 71,542 | 01/10/2022 | 01/10/2022 | Common Stock | 71,542 | $ 0 | 853,343 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
CLAYBORNE JEFF 2210 NEWPORT BLVD, SUITE 200 NEWPORT BEACH, CA 92663 |
CFO |
/s/ Jeff Clayborne | 07/31/2020 | |
**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) | This amendment is being filed to include transactions inadvertently omitted from the Form 4 filed by the Reporting Person on December 27, 2019. The transactions reported herein were previously disclosed in the Issuer's Current Report on Form 8-K filed with the Securities and Exchange Commission on December 27, 2019. |
(2) | On December 23, 2019, the board of directors of the Issuer granted a restricted stock award to the Reporting Person equal to 264,620 shares of common stock representing the stock component of the Reporting Person's annual compensation. The restricted stock award is subject to a four-year vesting period, with one quarter vesting on the first, second, third and fourth anniversaries of the date of grant. |