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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 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 | ||||||||
Series B Warrants | $ 0.11 | 01/11/2022 | X(1) | 87,456 | 04/11/2000 | 05/11/2038 | Common Stock | 87,456 | $ 0 | 0 | D | ||||
Series D Warrants | $ 1.60 | 01/11/2022 | X(2) | 2,954 | 04/11/2000 | 05/11/2038 | Common Stock | 2,954 | $ 0 | 2,047,274 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Billingsley Chester 5964 CAMPUS COURT PLANO, TX 75093 |
X | Chief Executive Officer | Principal Financial Officer |
/s/ Chester Billingsley | 01/11/2022 | |
**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) | On January 11, 2022 reporting person exercised 87,456 Series B Warrants for $0.11/share. The warrants were originally acquired on April 11, 2000 and were exercised as authorized according to the Company's Plan of Reorganization and under an exemption in 11 USC 1145. |
(2) | On January 11, 2022 reporting person exercised 2,594 Series D Warrants for $1.60/share. The warrants were originally acquired on April 11, 2000 and were exercised as authorized according to the Company's Plan of Reorganization and under an exemption in 11 USC 1145. |
(3) | On November 24, 2021 reporting person voluntarily reported early that pursuant to a single Rule 10b5-1 plan, exactly 208,000 shares would be sold between 11/23/2021 and 2/14/2022 that would result in 867,886 shares remaining. |