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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 | ||||||||
warrants (1) | $ 0.44 | 01/11/2008(1) | P | 587,500 (1) | 01/11/2008(1) | 02/08/2008 | common stock | 587,500 | $ 0 | 587,500 | D | ||||
warrants | $ 0.44 (2) | 01/28/2008(2) | P | 1,000,000 (2) | 01/28/2008(2) | 08/08/2008 | common stock | 1,000,000 | $ 0 | 1,000,000 | D | ||||
Non-employee Director Options | $ 0.74 | 09/08/2006 | 09/08/2011 | common stock | 65,000 | 65,000 | D | ||||||||
warrants | $ 0.44 (3) | 01/28/2008(3) | P | 100,000 (4) | 01/28/2008(3) | 08/08/2008 | common stock | 100,000 (4) | $ 0 | 100,000 (4) | I | By wife |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
HAWES GEORGE T C/O PROGINET CORPORATION 200 GARDEN CITY PLAZA, SUITE 220 GARDEN CITY, NY 11530 |
X | X |
George Hawes by Daniel H. Luciano atty-in-fact | 01/31/2008 | |
**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) | These warrants were orginally issued to the Reporting Person on March 6, 2006 at an exercise price of $0.60 per share. On January 11, 2008, the Board of Directors of the Company reduced the per share exercise price to $0.44 for the period fron January 11, 2008 to February 8, 2008, which is the expiration date. |
(2) | These warrants were originally issued to the Reporting Person on August 8, 2007 at an exercise price of $0.58 per share. On January 28, 2008, the Board of Directors of the Company reduced the per share exercise price to $0.44 during the period from January 28, 2008 to February 29, 2008. After such period, the per share exercise price reverts back to $0.58 per share during the remainder of the warrant term. |
(3) | These warrants were originally issued to the spouse of the Reporting Person on August 8, 2007 at an exercise price of $0.58 per share. On January 28, 2008, the Board of Directors of the Company reduced the per share exercise price to $0.44 for the period from January 28, 2008 to February 29, 2008. After such period, the per share exercise price reverts back to $0.58 for the remainder of the warrant term. |
(4) | The Reporting Person disclaims beneficial ownership interest of such securities. |