1
|
NAME
OF REPORTING PERSON
S.S.
OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Leonard
J. Sokolow
|
||
2
|
CHECK
THE APPROPRIATE BOX IF MEMBER OF A GROUP
(a)
o
(b)
x*
|
||
3
|
SEC
USE ONLY
|
||
4
|
SOURCE
OF FUNDS
PF
|
||
5
|
CHECK
BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURUANT TO ITEMS 2(d)
or 2(e) o
|
||
6
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
United
States
|
||
NUMBER
OF
SHARES
BENEFICIALLY
OWNED
BY
EACH
REPORTING
PERSON
WITH
|
7
|
SOLE
VOTING POWER
1,596,250**
|
|
8
|
SHARED
VOTING POWER
32,873***
|
||
9
|
SOLE
DISPOSITIVE POWER
1,596,250**
|
||
10
|
SHARED
DISPOSITIVE POWER
32,873***
|
||
11
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,629,123
|
||
12
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES o
|
||
13
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.1%****
|
||
14
|
TYPE
OF REPORTING PERSON
IN
|
|
(a)
|
According
to the Issuer, there were 17,150,704 shares of Common Stock outstanding as
of July 1, 2009. The Reporting Person may be deemed the
beneficial owner of 1,629,123 shares of Common Stock, which represents
9.1% of the outstanding shares of Common Stock. Such amount
includes (i) 798,750 shares of Common Stock owned by the Reporting Person,
(ii) 32,873 shares of Common Stock that may be deemed beneficially owned
by the Reporting Person and (iii) 797,500 shares of Common Stock issuable
upon exercise of fully-vested stock
options.
|
|
(b)
|
The
Reporting Person exercises sole voting and dispositive power with respect
to 798,750 shares of Common Stock owned by the Reporting
Person. In addition, the Reporting Person exercises sole
dispositive power with respect to 797,500 shares of Common Stock issuable
upon exercise of fully-vested stock
options.
|
|
The
Reporting Person may be deemed to exercise shared voting and dispositive
power with respect to the 32,873 shares of Common Stock that may be deemed
beneficially owned by the Reporting Person. Of these 32,873
shares of Common Stock, (i) 15,555 shares of Common Stock are held by the
Reporting Person’s adult son, Joshua Sokolow, (ii) 15,555 shares of Common
Stock are held by the Reporting Person’s wife as custodian for the
Reporting Person’s minor son, and (iii) 1,763 shares of Common Stock are
held jointly by the Reporting Person and his wife. The
Reporting Person expressly disclaims beneficial ownership of the shares of
common stock held by Joshua Sokolow and by Sharon Sokolow as custodian for
the Reporting Person’s minor son, and this Statement shall not be deemed
an admission that the Reporting Person is the beneficial owner of these
shares.
|
|
Sharon
Sokolow has a residence address at 19783 115th Avenue S., Boca Raton
Florida, 33498 and is unemployed. Joshua Sokolow has a
residence address at 19783 115th Avenue S., Boca Raton Florida, 33498 and
is a student. During the last five years, neither Sharon
Sokolow nor Joshua Sokolow has (i) been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors), or (ii) been party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such
laws. Each of Sharon Sokolow and Joshua Sokolow is a United
States citizen.
|
|
(c)
|
Except
as set forth in this Statement, there have been no sales or purchases with
respect to the Issuer's shares effected during the past sixty days by the
Reporting Person.
|
|
(d)
|
No
person other than the Reporting Person is known to have the right to
receive, or the power to direct the receipt of dividends from, or the
proceeds from the sale of, his shares of Common
Stock.
|
|
(e)
|
Not
Applicable.
|