-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, UnU+nn2UWLCe49v/yxtJ+c45da67aZtuuwbK91NsqC8IDZi2SmK06W4aAkes9n/8 a0WJ1K7sCvtnQjrwxkzpUQ== 0001209191-07-053578.txt : 20070914 0001209191-07-053578.hdr.sgml : 20070914 20070914193400 ACCESSION NUMBER: 0001209191-07-053578 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070911 FILED AS OF DATE: 20070914 DATE AS OF CHANGE: 20070914 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Davis Stewart B CENTRAL INDEX KEY: 0001410619 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-19437 FILM NUMBER: 071118829 BUSINESS ADDRESS: BUSINESS PHONE: 305 575 6000 MAIL ADDRESS: STREET 1: 4400 BISCAYNE BOULEVARD STREET 2: SUITE 1500 CITY: MIAMI STATE: FL ZIP: 33137 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CELLULAR TECHNICAL SERVICES CO INC CENTRAL INDEX KEY: 0000876378 STANDARD INDUSTRIAL CLASSIFICATION: BLANK CHECKS [6770] IRS NUMBER: 112962080 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 20 EAST SUNRISE HIGHWAY STREET 2: SUITE 200 CITY: VALLEY STREAM STATE: NY ZIP: 11581 BUSINESS PHONE: 516-568-0100 MAIL ADDRESS: STREET 1: 20 EAST SUNRISE HIGHWAY STREET 2: SUITE 200 CITY: VALLEY STREAM STATE: NY ZIP: 11581 4 1 bmi09514_bmi1sbd.xml MAIN DOCUMENT DESCRIPTION X0202 4 2007-09-11 0000876378 CELLULAR TECHNICAL SERVICES CO INC CTSC.OB 0001410619 Davis Stewart B 4400 BISCAYNE BOULEVARD MIAMI FL 33137 0 1 0 0 COO & Secretary Stock Options 2.60 2007-09-11 4 A 0 88667 0.00 A 2007-09-11 Common Stock 88667 88667 D 25% of such options were immediately exercisable with another 25% becoming exercisable on September 11th of each of 2008, 2009 and 2010; provided, however, that all options shall become immediately exercisable in the event of a change of control of the Issuer. Such options are not subject to a date of termination. Granted to the Reporting Person pursuant to that certain employment letter agreement, dated May 16, 2007, by and between the Reporting Person and SafeStitch LLC, which has since been acquired by the Issuer, and in consideration of the Reporting Person's continued service as the Issuer's Chief Operating Officer and Secretary. /s/ Dr. Stewart B. Davis 2007-09-14 -----END PRIVACY-ENHANCED MESSAGE-----