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 |
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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) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Series A Convertible 10% Cumulative Preferred Stock (1) | 05/14/2010 | 05/14/2012 | Common Stock | 65,350 | $ 7.65 | D | Â |
Series A Convertible 10% Cumulative Preferred Stock (1) | 07/02/2010 | 07/02/2012 | Common Stock | 65,350 | $ 7.65 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
RAUSSER GORDON C 949 SOUTH COAST DRIVE THIRD FLOOR COSTA MESA, CA 92626 |
 X |  |  |  |
Barbara I. Palermo | 09/28/2010 | |
**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) | This is a late filing (1) The shares of Series A Convertible Preferred Stock (the "Series A Shares") are convertible into shares of common stock, at any time in whole or from time to time in part, at the option of the Reporting Person. However, if and to the extent not sooner converted by the Reporting Person, the Series A Shares will automatically convert into shares of common stock on 05/14/2012 and 07/02/2012 respectively. |