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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 |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Trinad Capital Master Fund Ltd. 4751 WILSHIRE BOULEVARD, 3RD FLOOR LOS ANGELES, CA 90010 |
X | X | ||
Trinad Advisors II, LLC 4751 WILSHIRE BOULEVARD, 3RD FLOOR LOS ANGELES, CA 90010 |
X | X | ||
Trinad Capital L.P. 4751 WILSHIRE BOULEVARD, 3RD FLOOR LOS ANGELES, CA 90010 |
X | X | ||
Trinad Management, LLC 4751 WILSHIRE BOULEVARD, 3RD FLOOR LOS ANGELES, CA 90010 |
X | X | ||
ELLIN ROBERT S 4751 WILSHIRE BOULEVARD, 3RD FLOOR LOS ANGELES, CA 90010 |
X | X |
/s/ Robert S. Ellin, Trinad Capital Master Fund, Ltd | 01/04/2012 | |
**Signature of Reporting Person | Date | |
/s/ Robert S. Ellin, Trinad Advisors II LLC | 01/04/2012 | |
**Signature of Reporting Person | Date | |
/s/ Robert S. Ellin, Trinad Capital LP | 01/04/2012 | |
**Signature of Reporting Person | Date | |
/s/ Robert S. Ellin, Trinad Management, LLC | 01/04/2012 | |
**Signature of Reporting Person | Date | |
/s/ Robert S. Ellin | 01/04/2012 | |
**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) | 8,000,000 shares of common stock are owned directly by Robert S. Ellin and 4,293,160 shares of common stock are owned directly by Trinad Capital Master Fund, Ltd. These securities may be deemed to be beneficially owned by Trinad Management, LLC, the investment manager of the Master Fund and Trinad Capital LP; a controlling stockholder of the Master Fund; Trinad Advisors II LLC, the general partner of Trinad Capital LP; Robert S. Ellin, the managing director of and portfolio manager for Trinad Management, LLC and the managing director of Trinad Advisors II LLC. |
(2) | Each such reporting person disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |