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 (1) | 12/31/2009(2) | 10/01/2014 | Common stock | 100,000 | $ 2.42 | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
DURBIN JOHN EDWARD 4550 CALIFORNIA AVE SUITE 600 BAKERSFIELD, CA 93309 |
 |  |  Chief Financial Officer |  |
JOHN E DURBIN | 12/21/2009 | |
**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) | Incentive stock option granted under the Issuer's 2005 Stock Option Plan. |
(2) | Vests 10,000 shares 12/31/09; 15,000 shares 3/30/10; 15,000 shares 9/30/10; 15,000 shares 3/30/11; 15,000 shares 9/30/11; 15,000 shares 3/30/12; and 15,000 shares 9/30/12, provided continuous employment with the issuer on the date of vesting. |