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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 | ||||||||
Warrant | $ 2.38 (2) | 09/13/2011 | X(3) | 85,392 | (4) | 12/07/2014 | Common Stock | 89,662 (2) | $ 2.38 | 0 | D | ||||
Warrant | $ 2.38 (2) | 07/09/2009 | P | 500 | (4) | 11/10/2011 | Common Stock | 525 (2) | $ 0.35 | 515,500 (5) | I | By spouse | |||
Warrant | $ 2.38 (2) | 09/13/2011 | X(3) | 27,700 | (4) | 12/07/2014 | Common Stock | 29,085 (2) | $ 2.38 | 487,800 | I | By spouse | |||
Warrant | $ 2.38 (2) | 09/15/2011 | S | 100,000 | (4) | 12/07/2014 | Common Stock | 105,000 (2) | $ 2.2 | 387,800 | I | By spouse | |||
Warrant | $ 2.38 (2) | 09/16/2011 | S | 29,500 | (4) | 12/07/2014 | Common Stock | 30,975 (2) | $ 2.2 | 358,300 | I | By spouse | |||
Warrant | $ 2.38 (2) | 09/16/2011 | X(3) | 355,000 | (4) | 12/07/2014 | Common Stock | 372,750 (2) | $ 2.38 | 3,300 | I | By spouse | |||
Warrant | $ 2.38 (2) | 09/26/2011 | X(3) | 3,300 | (4) | 12/07/2014 | Common Stock | 3,465 (2) | $ 2.38 | 0 (6) | I | By spouse |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brogdon Christopher F 2 BUCKHEAD PLAZA 3050 PEACHTREE ROAD, SUITE 570 ATLANTA, GA 30305 |
X | X | Chief Acquisition Officer |
/s/ Christopher F. Brogdon | 10/05/2011 | |
**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 Reporting Person no longer has a reportable benefical interest in any of the shares of the Issuer's common stock owned by the Reporting Person's daughter and included in the Reporting Person's prior ownership reports. |
(2) | The Warrants were subject to a 5% stock dividend issued by the Issuer on September 30, 2010. As a result of such stock dividend, the exercise price of the Warrants decreased from $2.50 to $2.38 and each Warrant became issuable for 1.05 shares of the Issuer's common stock. |
(3) | The Warrants were exercised in connection with a call by the Issuer to redeem the Warrants pursuant to their terms. |
(4) | The Warrants were exercisable on the transaction date. |
(5) | The ownership of these Warrants was unreported at the time of the transaction and was omitted from the Reporting Person's subsequent Forms 4. |
(6) | The Reporting Person no longer has a reportable benefical interest in any of the Issuer's warrants owned by the Reporting Person's daughter and included in the Reporting Person's prior ownership reports. |