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)
|
Â
(2)
|
12/05/2016 |
Common Stock
|
10,000
|
$
1.36
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(2)
|
12/12/2017 |
Common Stock
|
12,500
|
$
1.5
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(2)
|
12/18/2018 |
Common Stock
|
12,500
|
$
1.5
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(2)
|
06/10/2020 |
Common Stock
|
12,500
|
$
2.74
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(2)
|
12/21/2020 |
Common Stock
|
12,500
|
$
2.74
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(2)
|
04/30/2022 |
Common Stock
|
12,500
|
$
2.84
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(3)
|
05/30/2023 |
Common Stock
|
12,500
|
$
3.26
|
D
|
Â
|
Stock Option (right to buy)
|
Â
(4)
|
05/30/2023 |
Common Stock
|
20,000
|
$
3.26
|
D
|
Â
|
* |
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) |
Dr. Lerner may be deemed to beneficially own securities held by the Lerner Family Trust UAD 11/14/94 (the "Lerner Family Trust"). Dr. Lerner disclaims beneficial ownership of securities held by the Lerner Family Trust except to the extent of his pecuniary interest therein. |
(2) |
All shares underyling this option have vested. |
(3) |
The option vests as to 50% of the shares on July 1, 2013 and 50% of the shares on July 1, 2014. |
(4) |
The option vests as to 50% of the shares on July 1, 2014 and 50% of the shares on July 1, 2015. |