Message: Allen Cocumelli
from proxy statement for his re-election:(bolding by plankton) You might want to look at footnote 2 to Cocumelli, he has 60 days from---i guess july 20 to exercise...along with others i've highlighted...coincidence I will look for option grants..............September 20?
| Name | Age | Position and Offices | Director Since |
|
Alfred H. Falk
|
56
|
President, Chief Executive Officer and Director
|
2009
|
|
Allen Cocumelli (1)(2)
|
60
|
Chairman of the Board and Director
|
1999
|
|
Renee Warden (1)
|
47
|
Secretary and Director
|
2005
|
|
Eric M. Polis (2)
|
41
|
Director
|
2008
|
|
(1)
|
Member of Audit Committee.
|
|
(2)
|
Member of Compensation Committee.
|
Alfred H. Falk – was promoted and appointed as President and Chief Executive Officer of the Company by the Board of Directors on January 20, 2009 when he was also appointed as a Director. Mr. Falk had been the Company’s Vice President of Corporate Development since July 2004. He formerly served as President and a member of the Board of the Company from January 1997 (and from July 1998 as Chief Executive Officer) until July 2004. From March 1995 to January 1997, he served as Vice President of Corporate Development and Vice President of OEM and International Sales. Prior to joining the Company, Falk worked for Resources Internationale as director of U.S. sales from 1993 to 1995. From 1988 to 1993, he was the manager of OEM sales and technology licensing for Personal Computer Products, Inc. From 1978 to 1988, he held several management positions at DH Technology. Mr. Falk’s extensive business experience and background, prior sales experience, and his long service with the Company including as Chief Executive Officer since 2009, qualifies him to serve on our Board.
Allen Cocumelli – was appointed Chairman of the Board in October 2008. He also previously served as Chairman of the Board from April 2000 to November 2002. Mr. Cocumelli has been Secretary and General Counsel of SimpleNet, Inc. since 2004. Prior thereto, he was a Director of Website Services at Yahoo! Inc. from 2000 to 2004. Prior to joining Yahoo! Inc., Mr. Cocumelli was General Counsel of Simplenet Network Communications Inc. from 1996 and Chief Operating Officer of Simplenet Network Communications Inc. from November 1997 until 1999. Prior to joining Simplenet Network Communications Inc., Mr. Cocumelli was in the private practice of law. From 1978 to 1986 he served as a manager in the Components Manufacturing Group and as Director of Corporate Training and Development at Intel. Mr. Cocumelli obtained a B.S. degree in Industrial Psychology from the University of California, Los Angeles in 1972 and a J.D. from the Thomas Jefferson School of Law in 1991. Mr. Cocumelli is a member of the California Bar Association. The Board believes that Mr. Cocumelli’s technology experience and legal background will continue to be valuable as the Company pursues its patent enforcement and licensing strategy.
(from further down same proxy statement)
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
Common Stock
The following security ownership information is set forth, as of July 1, 2011, with respect to (i) each stockholder known by us to be beneficial owners of more than 5% of our outstanding Common Stock, (ii) each of the current directors and nominees for election as directors, (iii) each of the named executive officers reflected in the Summary Compensation Table below and (iv) all current directors, nominees and executive officers as a group (five persons).
|
Name and Address
|
Amount and Nature of
|
Percent
|
Title
|
|
|
of Beneficial Owner
|
Beneficial Ownership(1)
|
of Class
|
of Class
|
|
|
Alfred H. Falk
|
1,993,850 (1)
|
*
|
Common
|
|
|
16770 West Bernardo Drive
|
||||
|
San Diego, CA 92127
|
||||
|
Allen Cocumelli
|
651,000 (2)
|
*
|
Common
|
|
|
16770 West Bernardo Drive
|
||||
|
San Diego, CA 92127
|
||||
|
Renee Warden
|
550,000 (3)
|
*
|
Common
|
|
|
16770 West Bernardo Drive
|
||||
|
San Diego, CA 92127
|
||||
|
Eric M. Polis
|
4,148,117 (4)
|
1.4%
|
Common
|
|
|
980 American Pacific Drive, #111
|
||||
|
Henderson, NV 89014
|
||||
|
MarDee Haring-Layton
|
10,000 (5)
|
*
|
Common
|
|
|
16770 West Bernardo Drive
|
||||
|
San Diego, CA 92127
|
||||
|
Robert Putnam
|
3,838,911 (6)
|
1.3%
|
Common
|
|
|
16770 West Bernardo Drive
|
||||
|
San Diego, CA 92127
|
||||
|
All officers, directors and nominees
as a group (5 persons)
|
7,352,967 (7)
|
2.5%
|
Common
|
|
|
(1)
|
Includes 550 shares held by son to which Mr. Falk disclaims beneficial ownership. Includes options exercisable within 60 days to purchase 1,000,000 shares.
|
|
|
(2)
|
Includes options exercisable within 60 days to purchase 650,000 shares.
|
|
|
(3)
|
Consists of options exercisable within 60 days.
|
7
|
|
(4)
|
Includes options exercisable within 60 days to purchase 600,000 shares. Also includes (i) 2,307,421 shares of common stock held a Family Trust of which Mr. Polis is Trustee, (ii) 1,042,696 shares of common stock held by the Polis Family LLC of which Mr. Polis is a managing member, (iii) 133,000 shares of common stock held by The Polis Charitable Foundation of which Mr. Polis is an officer, (iv) 25,000 shares of common stock held in a personal IRA, and (v) 40,000 shares of common stock held as custodian for a minor child. Mr. Polis disclaims beneficial ownership of the shares held by the Polis Charitable Foundation and as custodian for the minor child except to the extent of his respective pecuniary interest.
|
|
|
(5)
|
Includes options exercisable within 60 days to purchase 10,000 shares.
|
|
|
(6)
|
Based on information available to the Company as of the date of resignation on December 15, 2010.
|
|
|
(7)
|
Includes options exercisable within 60 days to purchase 3,310,000 shares.
|
____________________________
* Less than 1%
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