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 | ||||
Warrant (right to buy) | Â (1) | Â (2) | Common Stock | 217,800 | $ 0.83 | I | See Footnote (5) |
Series A Convertible Preferred Stock | Â (1) | Â (3) | Common Stock | 1,125,000 | $ (4) | I | See Footnote (5) |
Series B Convertible Preferred Stock | Â (1) | Â (3) | Common Stock | 302,205 | $ (4) | I | See Footnote (5) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Budinger William M. C/O REALD INC. 100 N. CRESCENT DRIVE, SUITE 120 BEVERLY HILLS, CA 90210 |
 X |  |  |  |
/s/ Craig S. Gatarz Attorney-in-fact | 07/15/2010 | |
**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) | These securities are exercisable immediately. |
(2) | March 15, 2016. |
(3) | These shares do not have an expiration date. |
(4) | The Issuer's Series A Convertible Preferred Stock (the "Series A Preferred") and Series B Convertible B Preferred Stock (the "Series B Preferred") is convertible into shares of its Common Stock (the "Common Stock") at a conversion rate of 1.5 shares of Common Stock per share of Series A Preferred Stock and Series B Preferred Stock, which reflects the 1-for-1.5 forward stock split of the Common Stock that was effected by the Issuer on June 28, 2010. The Reporting Person may be deemed to beneficially own (A) 750,000 shares of Series A Preferred Stock and (B) 201,470 shares of Series B Preferred Stock, which will automatically convert into (A) 1,125,000 shares of Common Stock and (B) 302,205 shares of Common Stock upon the closing of the Issuer's qualified initial public offering, as defined in the Issuer's certificate of incorporation, as amended through the date hereof. |
(5) | These shares are held by Torque Investments, LLC. Torque Investments, LLC is 99.0% owned by the William M. Budinger Revocable Trust and 1.0% owned by Sunnyside Investments, Inc. Mr. Budinger is the sole trustee of the trust and the President of Sunnyside Investments, Inc. and has voting and investment power over all the shares held by Torque Investments, LLC, and may be deemed, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended ("Section 16"), to be the indirect beneficial owner of the Series A Preferred Stock and Series B Preferred Stock that are the subject of this report (collectively, the "Issuer Securities"). The Reporting Person disclaims beneficial ownership of the Issuer Securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or any other purpose. |
 Remarks: Exhibit 24 - Power of Attorney for William M. Budinger |