Re: from the SEC filing today (cont.)...
in response to
by
posted on
Jul 09, 2008 02:37PM
Name and Address
of Beneficial Owner
|
Amount and Nature of
Beneficial Ownership(1)
|
Percent
of Class
|
Title
of Class
|
|||
Robert Putnam
|
10,000
|
(2)
|
13.3
|
|
Series AA
|
|
16770 West Bernardo Drive
|
|
Preferred Stock
|
||||
San Diego, CA 92127
|
|
|||||
James A. Barnes
|
15,000
|
(3)
|
20.0
|
|
Series AA
|
|
8617 Canyon View Dr.
|
|
Preferred Stock
|
||||
Las Vegas, NV 89117
|
||||||
Norris Family 1997 Trust
|
10,000
|
(4)
|
13.3%
|
|
Series AA
|
|
16101 Blue Crystal Trail
|
Preferred Stock
|
|||||
Poway, CA 92064
|
|
|||||
James C. Zolin & Josephine Zolin
|
5,000
|
(5)
|
6.7%
|
|
Series AA
|
|
17108 Via De La Valle
|
|
Preferred Stock
|
||||
Rancho Santa Fe, CA 92067
|
|
|||||
Victor Gabourel
|
5,000
|
(6)
|
6.7%
|
|
Series AA
|
|
11404 Cypress Woods Dr.
|
|
Preferred Stock
|
||||
San Diego, CA 92131
|
|
|||||
Wayne Opperman and Barbara Opperman
|
10,000
|
(5)
|
13.3%
|
Series AA | ||
36837 Wax Myrtle Place
|
Preferred Stock | |||||
Murieta, CA 92562
|
||||||
Edward J. Kashou & Steven C. Kashou
|
10,000
|
(5)
|
13.3%
|
Series AA | ||
10321 Hitching Post Way
|
Preferred Stock | |||||
Santee, CA 92071
|
||||||
5,000
|
(6)
|
6.7%
|
Series AA | |||
Robert M. Kaplan
|
Preferred Stock | |||||
P.O. Box 2600
|
||||||
Sun Valley, ID 83353
|
(1) |
Represents the number of shares of Series AA Preferred Stock held as of June 30, 2008. At such date an aggregate of 75,000 shares of Series AA Preferred Stock were issued and outstanding with each share having 100 votes per share.
|
(2) |
Mr. Putnam is an officer and director of the Company and has sole voting and investment power with respect to the Series AA Preferred Stock.
|
(3) |
Includes 5,000 shares held by Sunrise Capital, Inc., 5,000 shares held by Sunrise Management, Inc. Profit Sharing Plan and 5,000 shares held by Palermo Trust. Mr. Barnes is President of Sunrise Capital, Inc. and Trustee of Sunrise Management, Inc. Profit Sharing Plan and the Palermo Trust. Mr. Barnes shares investment and voting power with respect to the Series AA Preferred Stock with his spouse.
|
(4) |
Voting and investment power with respect to the Series AA Preferred Stock is shared by Elwood G. Norris and Stephanie Norris.
|
(5) |
The named owners are believed by the Company to share investment and voting power over the Series AA Preferred Stock.
|
(6) |
The named owner is believed by the Company to have sole investment and voting power over the Series AA Preferred Stock.
|
Plan Category
|
Number of securities to be
issued upon exercise of
outstanding options,
warrants and rights
(a)
|
Weighted-average exercise
price of outstanding
options, warrants and
rights
(b)
|
Number of securities
remaining available for
future issuance under
equity compensation plan
(excluding securities
reflected in column (a))
(c)
|
|||
Equity
|
||||||
compensation
|
||||||
plans approved
|
||||||
by security
|
||||||
holders
|
9,147,167
|
$0.16
|
3,630,833
|
|||
Equity
|
||||||
compensation
|
|
|||||
plans not
|
|
|
||||
approved by
|
||||||
security holders
|
|
|
||||
(1)
|
1,750,000
|
$0.12
|
-0
|
|||
Total
|
10,897,167
|
$0.16
|
3,630,833
|
(1) |
Includes (a) 1,000,000 shares of common stock subject to inducement stock options granted to an executive officer in connection with employment and 250,000 shares granted subsequently with an aggregate weighted average exercise price of $0.10 per share, (b) 250,000 shares of common stock subject to inducement stock options granted to an employee with an exercise price of $0.145 per share, and (c) 250,000 shares of common stock granted to a consultant vesting on a performance basis with an exercise price of $0.16 per share.
|
· |
To use, assuming that it makes sense for our company, executive pay practices that are commonly found in companies engaged in a similar industry.
|
· |
To pay salaries, and award merit increases, on the basis of the individual executive’s performance and contributions to our organization.
|