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 |
|
| ||||||||||||||||||||||||||||||
|
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) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Stock Option (Right to Buy) | 05/31/2012(2) | 05/31/2021 | Common Stock | 80,000 | $ 1.52 | D | Â |
Stock Option (Right to Buy) | 07/30/2013(3) | 07/30/2023 | Common Stock | 35,000 | $ 2.32 | D | Â |
Stock Option (Right to Buy) | 04/29/2015(4) | 04/29/2025 | Common Stock | 25,000 | $ 1.62 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hendrikse Renatus 3800 BRIDGE PARKWAY REDWOOD SHORES, CA 94065 |
 |  |  Vice President Worldwide Sales |  |
Renatus Hendrikse | 12/03/2014 | |
**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) | Of these, 80,000 shares are restricted stock awards which fully vest on December 31, 2017. Awards are subject to accelerated vesting as follows: 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $88 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter, 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $100 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter, 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $112 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter, and 25% of the shares shall vest two business days after the Company has released to the public that the Company has achieved $124 million or more of Open Mobile ("OM") annual run rate revenue in a calendar quarter. |
(2) | 25% of the shares vested on May 31. 2012, with the remaining shares vesting in 36 monthly installments thereafter. |
(3) | 25% of the shares vested on July 30. 2013, with the remaining shares vesting in 36 monthly installments thereafter. |
(4) | 25% of the shares will vest on April 29. 2015, with the remaining shares vesting in 36 monthly installments thereafter. |