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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 | ||||||||
Stock Option (right to buy) | $ 10.8 | 01/04/2006 | A(1) | 5,000 (2) | 01/04/2006 | 01/04/2016 | Common Stock | 5,000 | $ 0 | 5,000 | I | By Prides Capital Fund I, L.P. |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Cootey Stephen Lawrence PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110 |
X | |||
Prides Capital Partners, LLC 200 HIGH STREET, SUITE 700 BOSTON, MA 02110 |
X | X | ||
Lawlor Henry J Jr PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110 |
X | |||
Richardson Kevin A II PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110 |
X | |||
McCarthy Charles E PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110 |
X | |||
Indick Murray A PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110 |
X | |||
Puscasiu Christian PRIDES CAPITAL PARTNERS, L.L.C. 200 HIGH STREET, SUITE 700 BOSTON, MA 02110 |
X |
/s/ Stephen L. Cootey, by Murray A. Indick as Attorney-in-Fact | 01/06/2006 | |
**Signature of Reporting Person | Date | |
/s/ Henry J. Lawlor, Jr., by Murray A. Indick as Attorney-in-Fact | 01/06/2006 | |
**Signature of Reporting Person | Date | |
/s/ Kevin A. Richardson, II, by Murray A. Indick as Attorney-in-Fact | 01/06/2006 | |
**Signature of Reporting Person | Date | |
/s/ Charles E. McCarthy, by Murray A. Indick as Attorney-in-Fact | 01/06/2006 | |
**Signature of Reporting Person | Date | |
/s/ Murray A. Indick | 01/06/2006 | |
**Signature of Reporting Person | Date | |
/s/ Christian Puscasiu, by Murray A. Indick as Attorney-in-Fact | 01/06/2006 | |
**Signature of Reporting Person | Date | |
/s/ Prides Capital Partners, L.L.C., by Murray A. Indick, Managing Member | 01/06/2006 | |
**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) | Stephen L. Cootey became entitled to this option upon his appointment as a director of the Issuer. Mr. Cootey is also an employee of Prides Capital Partners, L.L.C. The terms of Mr. Cootey's employment by Prides Capital Partners, L.L.C. require that he transfer the option to Prides Capital Fund I, L.P. Accordingly, the Issuer issued the option directly to Prides Capital Fund I, L.P. |
(2) | The securities reported herein are owned directly by Prides Capital Fund I, L.P. Because Prides Capital Partners, L.L.C. is the general partner of Prides Capital Fund I, L.P., Prides Capital Partners, L.L.C. may be deemed the beneficial owner of the securities held by Prides Capital Fund I, L.P. Because Kevin A. Richardson, II, Murray A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy and Christian Puscasiu are the controlling members of Prides Capital Partners, L.L.C., they may also be deemed to be beneficial owners of securities deemed to be beneficially owned by Prides Capital Partners, L.L.C. Each of Messrs. Richardson, Indick, Lawlor, McCarthy and Puscasiu disclaims beneficial ownership of the securities reported herein except to the extent of their pecuniary interests therein. Stephen L. Cootey is an employee of Prides Capital Partners, L.L.C. and disclaims beneficial ownership of the securities except to the extent of his pecuniary interest therein. |
Remarks: Remarks: This report is filed jointly by Stephen L. Cootey, Kevin A. Richardson, II, Murrary A. Indick, Henry J. Lawlor, Jr., Charles E. McCarthy, Christian Puscasiu and Prides Capital Partners, L.L.C. Prides Capital Partners, L.L.C. also may be deemed a director by virtue of its right to appoint a representative to serve on the Issuer's board of directors. Stephen L. Cootey currently serves as Prides Capital Partners, L.L.C.'s representative on the Issuer's board. Prides Capital Fund I, L.P. acquired the securities reported herein on January 4, 2006. |