SEC Form 4 · accession 0001328319-15-000028

· LIOX

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Director, CEO, President · Director

Period of report

Feb 4, 2015

Accepted (ET)

Feb 6, 2015 · 3:36 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001058299

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I
common stock^F1	Feb 4, 2015	A	192,000	$0.00	A	3,859,835	D
common stock^F2	Feb 4, 2015	A	66,000	$0.00	A	3,925,835	D
common stock^F3	Feb 4, 2015	A	185,000	$0.00	A	4,110,835	D
common stock^F5	Feb 5, 2015	D	2,400	$0.00	D	4,108,435	D
common stock^F6	Feb 5, 2015	F	27,130	$5.08	D	4,081,305	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
option with the right to purchase^F4	$5.05	Feb 4, 2015	A	30,000	A	Feb 4, 2016	Feb 5, 2025	common stock	30,000	30,000	D

F1Grant of restricted stock under 2011 Stock Incentive Plan with restrictions lapsing over 4 years
F2Shares vest on the day the Company publicly releases its earnings for 2016 if the Company meets pre-established revenue and profitability targets.
F3Grant of restricted under 2011 Stock Incentive Plan with restrictions lapsing on 50% of shares 18 months following the grant date and the restriction lapsing on the additional 50% of the shares 18 months thereafter.
F4Grant of stock option under 2011 Stock Incentive Plan vesting at a rate of 25% on first anniversary of grant date and 12.5% each six month period thereafter.
F5Forfeiture of restricted LTIP shares due to non-achievement of revenue and profitability targets
F6Remittance of shares to cover tax obligation due to LTIP restricted stock lapse.