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 H Preferred Stock
|
06/30/2015 |
(3)
|
Common Stock
|
97,000
|
$
1.54
|
I
|
See footnote
(1)
|
Series H-1 Preferred Stock
|
07/14/2015 |
(4)
|
Common Stock
|
703,700
|
$
1.66
|
I
|
See footnote
(1)
|
Warrant
|
(5)
|
07/14/2020 |
Common Stock
|
1,055,481
|
$
1.66
|
I
|
See footnote
(1)
|
Series H Preferred Stock
|
07/01/2015 |
(3)
|
Common Stock
|
23,500
|
$
1.54
|
I
|
See footnote
(2)
|
Series H-1 Preferred Stock
|
07/14/2015 |
(4)
|
Common Stock
|
54,100
|
$
1.66
|
I
|
See footnote
(2)
|
Warrant
|
(5)
|
07/14/2020 |
Common Stock
|
81,190
|
$
1.66
|
I
|
See footnote
(2)
|
* |
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) |
Securities are held indirectly through Iroquois Master Fund (the "Fund"). Mr. Silverman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
(2) |
Securities are held indirectly through American Capital Management, LLC ("ACM"). Mr. Silverman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. |
(3) |
Each share of Series H Preferred Stock is convertible into shares of Common Stock, equal to the stated value of $154 per share of Series H Preferred Stock divided by the conversion price of $1.54 per share, subject to adjustment, and has no expiration date. |
(4) |
Each share of Series H-1 Preferred Stock is convertible into shares of Common Stock, equal to the stated value of $166 per share of Series H-1 Preferred Stock divided by the conversion price of $1.66 per share, subject to adjustment, and has no expiration date. |
(5) |
Each Warrant allows the holder to acquire one share of Common Stock at an exercise price of $1.66 per share, subject to adjustment, within 5 years of the date of issuance. |