SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
MITAROTONDA JAMES A

(Last) (First) (Middle)
C/O BARINGTON CAPITAL GROUP, L.P.
888 SEVENTH AVENUE, 17TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SIELOX INC [ FAIM.OB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
07/31/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 07/31/2007 J(1) 340,355 A (1)(2) 989,245 I By Barington Companies Equity Partners, L.P.(6)(7)(8)
Common Stock 07/31/2007 J(1) 556,272 A (1)(3) 808,022 I By Barington Companies Offshore Fund, Ltd.(6)(7)(8)
Common Stock 07/31/2007 J(1) 462,075 A (1)(4) 1,531,210 I By Barington Capital Group, L.P.(5)(6)(7)(8)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option $0.21 07/31/2007 J(9) 15,456 (8)(9) 05/14/2012 Common Stock 15,456 (8)(9) 15,456 D
Option $0.56 07/31/2007 J(10) 216,384 (8)(10) 07/18/2013 Common Stock 216,384 (8)(10) 216,384 D
Option $0.56 07/31/2007 J(11) 216,384 (8)(11) 07/18/2013 Common Stock 216,384 (8)(11) 216,384 D
Option $0.49 07/31/2007 J(12) 136,160 (8)(12) 11/16/2009 Common Stock 136,160 (8)(12) 136,160 D
Option $0.5 07/31/2007 J(13) 5,152 (8)(13) 10/26/2015 Common Stock 5,152 (8)(13) 5,152 D
1. Name and Address of Reporting Person*
MITAROTONDA JAMES A

(Last) (First) (Middle)
C/O BARINGTON CAPITAL GROUP, L.P.
888 SEVENTH AVENUE, 17TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director 10% Owner
Officer (give title below) X Other (specify below)
See Remarks
1. Name and Address of Reporting Person*
BARINGTON COMPANIES EQUITY PARTNERS L P

(Last) (First) (Middle)
888 SEVENTH AVENUE,
17TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Barington Offshore Advisors II, LLC

(Last) (First) (Middle)
888 SEVENTH AVENUE,
17TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Barington Companies Investors, LLC

(Last) (First) (Middle)
888 SEVENTH AVENUE,
17TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
BARINGTON CAPITAL GROUP L P

(Last) (First) (Middle)
888 SEVENTH AVENUE,
17TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
LNA Capital Corp.

(Last) (First) (Middle)
888 SEVENTH AVENUE,
17TH FLOOR

(Street)
NEW YORK NY 10019

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Barington Companies Offshore Fund, Ltd. (BVI)

(Last) (First) (Middle)
C/O BISON FINANCIAL SERVICES LIMITED,
BISON COURT, ROAD TOWN

(Street)
TORTOLA D8

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. Transactions reflect receipt of 3.68 shares of the Issuer?s common stock in exchange for each share of L Q Corporation, Inc. ("L Q Corporation") common stock pursuant to an Amended and Restated Agreement and Plan of Merger, dated as of February 26, 2007, as amended (the "Merger Agreement"), by and among the Issuer, L Q Corporation and LQ Merger Corp. On the effective date of the merger, the closing price of L Q Corporation?s common stock was $1.05 per share and the closing price of the Issuer?s common stock was $0.305 per share.
2. Received in exchange for 92,488 shares of L Q Corporation common stock pursuant to the Merger Agreement.
3. Received in exchange for 151,161 shares of L Q Corporation common stock pursuant to the Merger Agreement.
4. Received in exchange for 125,564 shares of L Q Corporation common stock pursuant to the Merger Agreement.
5. Excludes shares owned directly by Barington Companies Equity Partners, L.P. and Barington Companies Offshore Fund, Ltd.
6. As the general partner of Barington Companies Equity Partners, L.P., Barington Companies Investors, LLC may be deemed to beneficially own the shares of Common Stock beneficially owned by Barington Companies Equity Partners, L.P. As the investment advisor to Barington Companies Offshore Fund, Ltd., Barington Offshore Advisors II, LLC may be deemed to beneficially own the shares of Common Stock beneficially owned by Barington Companies Offshore Fund, Ltd. As the majority member of Barington Companies Investors, LLC and Barington Offshore Advisors II, LLC, Barington Capital Group, L.P. may be deemed to beneficially own the shares of Common Stock beneficially owned by Barington Companies Equity Partners, L.P. and Barington Companies Offshore Fund, Ltd.
7. (Continuation of Footnote 6) As the general partner of Barington Capital Group, L.P., LNA Capital Corp. may be deemed to beneficially own the shares of Common Stock beneficially owned by Barington Companies Equity Partners, L.P. and Barington Companies Offshore Fund, Ltd. James A. Mitarotonda is the sole stockholder and director of LNA Capital Corp. and therefore may be deemed to beneficially own the shares of Common Stock beneficially owned by Barington Capital Group, L.P., Barington Companies Equity Partners, L.P. and Barington Companies Offshore Fund, Ltd.
8. The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that the Reporting Persons are the beneficial owners of these securities for purposes of Section 16 or for any other purpose.
9. This option was received in connection with the merger in exchange for a stock option to acquire 4,200 L Q Corporation common stock for $0.79 per share. This option was already 100% exercisable as of the date of the merger.
10. This option was received in connection with the merger in exchange for a stock option to acquire 58,800 L Q Corporation common stock for $2.07 per share. This option was already 100% exercisable as of the date of the merger.
11. This option was received in connection with the merger in exchange for a stock option to acquire 58,800 L Q Corporation common stock for $2.07 per share. This option was already 100% exercisable as of the date of the merger.
12. This option was received in connection with the merger in exchange for a stock option to acquire 37,000 L Q Corporation common stock for $1.82 per share. This option was already 100% exercisable as of the date of the merger.
13. This option was received in connection with the merger in exchange for a stock option to acquire 1,400 L Q Corporation common stock for $1.85 per share. This option was already 100% exercisable as of the date of the merger.
Remarks:
Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding common stock.
BARINGTON COMPANIES EQUITY PARTNERS, L.P. By: Barington Companies Investors, LLC, its general partner By: /s/ James A. Mitarotonda, its managing member 08/02/2007
BARINGTON COMPANIES INVESTORS, LLC By: /s/ James A. Mitarotonda, its managing member 08/02/2007
BARINGTON COMPANIES OFFSHORE FUND, LTD. By: /s/ James A. Mitarotonda, its president 08/02/2007
BARINGTON OFFSHORE ADVISORS II, LLC By: /s/ James A. Mitarotonda, its managing member 08/02/2007
BARINGTON CAPITAL GROUP, L.P. By: LNA Capital Corp., its general partner By: /s/ James A. Mitarotonda, its president and CEO 08/02/2007
LNA CAPITAL CORP. By: /s/ James A. Mitarotonda, its president and CEO 08/02/2007
/s/ James A. Mitarotonda 08/02/2007
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (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).
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