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 |
|
| ||||||||||||||||||||||||||||||
|
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) |
||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Common Stock Purchase Warrants | 03/29/2012 | 03/29/2019 | Common Stock | 937,500 | $ 0.125 | D | Â |
Common Stock Purchase Warrants | 06/19/2012 | 06/19/2019 | Common Stock | 1,111,111 | $ 0.108 | D | Â |
Common Stock Purchase Warrants | 08/29/2012 | 08/29/2019 | Common Stock | 534,723 | $ 0.12 | D | Â |
Common Stock Purchase Warrants | 11/12/2012 | 11/12/2019 | Common Stock | 666,667 | $ 0.093 | D | Â |
Common Stock Purchase Warrants | 02/11/2013 | 02/11/2020 | Common Stock | 333,333 | $ 0.096 | D | Â |
Common Stock Purchase Warrants | 03/14/2013 | 03/14/2020 | Common Stock | 333,333 | $ 0.115 | D | Â |
Common Stock Purchase Warrants | 06/14/2013 | 06/14/2020 | Common Stock | 333,333 | $ 0.121 | D | Â |
10% Convertible Note | Â (1) | 10/09/2013(2) | Common Stock | 3,465,909 | $ 0.088 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Shah Chetan 8910 UNIVERSITY CENTER LANE, SUITE 660 SAN DIEGO, CA 92122 |
 X |  |  |  |
/s/ Chetan S. Shah, M.D. | 07/12/2013 | |
**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) | Unpaid principal and accrued interest on the note are convertible at Dr. Shah's option into common stock only if the note is not repaid by October 9, 2013. In that event, unpaid principal and accrued interest may be converted into common stock at $0.088/share. In addition, upon conversion of the note, Dr. Shah would receive warrants to purchase that number of shares of common stock equal to 50% of the amount of principal and interest being converted divided by $0.088, with such warrants being exercisable at a price of $0.132/share. |
(2) | Maturity date. |