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 |
Series A Preferred Stock
(2)
|
02/26/2012 |
(2)
|
common stock
|
50
|
$
0
|
D
|
|
Series B Preferred Stock
(3)
|
02/26/2012 |
(3)
|
common stock
|
67,304,069
|
$
0
|
D
|
|
* |
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) |
In addition, there are 900,000 shares of common stock, 50 shares of Series A Preferred Stock and 250,000 shares of Series B Preferred Stock owned by the spouse of the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purposes. |
(2) |
The reporting person is a holder of 50 shares of Series A Preferred Stock. Each share of Series A Preferred Stock is convertible, at any time, at the option of the holder, on a 1-for-1 basis, into shares of common stock. The Series A Preferred Stock does not have an expiration date. |
(3) |
The reporting person is a holder of 12,500,000 shares of Series B Preferred Stock. Each share of Series B Preferred Stock is convertible, at any time, at the option of the holder, on a 1-for-5.384325537 basis, into shares of common stock and has voting rights equal to 100 shares of common stock. The Sereis B Preferred Stock does not have an expiration date. |