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 |
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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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Option (right to purchase common stock) | 07/02/2008(1) | 07/02/2013(2) | common stock | 50,000 | $ 0.37 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Suthard Robert L. Jr. 2677 PROSPERITY AVENUE SUITE 300 FAIRFAX, VA 22031 |
 |  |  | Vice President |
Robert L. Suthard, Jr. | 07/11/2007 | |
**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) | Options shall vest over a three year period contingent upon continued employment. 16,500 options shall vest on July 2, 2008; 16,500 options shall vest on July 2, 2009; and 17,000 options shall vest on July 2, 2010. |
(2) | Options shall expire three years from the date of vesting. Options which vest on July 2, 2008 shall expire on July 2, 2011; options which vest on July 2, 2009 shall expire on July 2, 2012; and options which vest on July 2, 2010 shall expire on July 2, 2013. |