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 | ||||
Stock Option (Right to Buy) | Â (1) | 10/12/2020 | Voting Common Stock | 15,000 | $ 1.66 | D | Â |
Stock Option (Right to Buy) | Â (2) | 10/04/2021 | Voting Common Stock | 75,000 | $ 0.4 | D | Â |
Stock Option (Right to Buy) | 03/15/2012 | 11/08/2021 | Voting Common Stock | 25,000 | $ 0.61 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Clary Rebecca 300 HOLIDAY SQUARE BLVD. COVINGTON, LA 70433 |
 |  |  Chief Accounting Officer |  |
/s/ Bridget C. Hoffman, attorney-in-fact for Rebecca Clary | 03/08/2013 | |
**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) | Options vest in four equal installments on the anniversary of grant in 2011, 2012, 2013 and 2014. |
(2) | Options become exercisable on the earlier of (i) the first trading day after the company's voting common stock trades for more than 10 consecutive days at or above the closing price of $2.50 and (ii) the day that a binding agreement is signed for the sale of the company, as determined by the Board of Directors in its reasonable discretion. |
 Remarks: Exhibit 24 - Power of Attorney |