*
|
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
|
CUSIP No. 92346X107
|
Schedule 13D
|
Page 2 of 6
|
1. NAMES OF REPORTING PERSONS
|
||
Carl E. Berg
|
||
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||
(a) ☐
|
||
(b) ☐
|
||
3. SEC USE ONLY
|
||
4. SOURCE OF FUNDS (see instructions)
OO
|
||
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨☐
|
||
6. CITIZENSHIP OR PLACE OF ORGANIZATION
|
||
United States
|
||
Number of Shares
Beneficially
Owned by
Each Reporting
Person With:
|
7. SOLE VOTING POWER
|
|
11,740,000
|
||
8. SHARED VOTING POWER
|
||
0
|
||
9. SOLE DISPOSITIVE POWER
|
||
11,740,000
|
||
10. SHARED DISPOSITIVE POWER
|
||
0
|
||
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||
11,740,000
|
||
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
||
☐
|
||
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||
13.64 % (1)
|
||
14. TYPE OF REPORTING PERSON
|
||
OO
|
CUSIP No. 92346X107
|
Schedule 13D
|
Page 3 of 6
|
1. NAMES OF REPORTING PERSONS
|
||
Berg & Berg Enterprises, LLC
|
||
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||
(a) ☐
|
||
(b) ☐
|
||
3. SEC USE ONLY
|
||
4. SOURCE OF FUNDS (see instructions)
WC
|
||
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ¨☐
|
||
6. CITIZENSHIP OR PLACE OF ORGANIZATION
|
||
California
|
||
Number of Shares
Beneficially
Owned by
Each Reporting
Person With:
|
7. SOLE VOTING POWER
|
|
11,440,000
|
||
8. SHARED VOTING POWER
|
||
0
|
||
9. SOLE DISPOSITIVE POWER
|
||
11,440,000
|
||
10. SHARED DISPOSITIVE POWER
|
||
0
|
||
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
||
11,440,000
|
||
12. CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
||
☐
|
||
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
||
13.29% (1)
|
||
14. TYPE OF REPORTING PERSON
|
||
OO
|
CUSIP No. 92346X107
|
Schedule 13D
|
Page 4 of 6
|
Item 1. |
Security and Issuer.
|
Item 2. |
Identity and Background.
|
Item 3. |
Source or Amount of Funds or Other Consideration.
|
Item 4. |
Purpose of Transaction.
|
CUSIP No. 92346X107
|
Schedule 13D
|
Page 5 of 6
|
Item 5. |
Interest in Securities of the Issuer.
|
Name of Reporting Person
|
Date of Transaction
|
Amount of
Securities |
Price Per
Share
|
|||||||
Carl E. Berg
|
March 13, 2018
|
300,000
|
(1)
|
$
|
0.00
|
|||||
Berg & Berg Enterprises, LLC
|
March 21, 2018
|
5,720,000
|
(2)
|
$
|
0.10
|
(1) |
Represents shares of restricted stock of the Issuer received in connection with Mr. Berg’s appointment to the Board of Directors of the Issuer.
|
(2) |
Represents the shares acquired upon early exercise of the Warrants at a reduced exercise price of $0.10 per share in accordance with the Issuer’s warrant reduction program.
|
Item 6. |
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
|
Item 7. |
Material to Be Filed as Exhibits.
|
CUSIP No. 92346X107
|
Schedule 13D
|
Page 6 of 6
|
By:
|
/s/ Carl E. Berg
|
||
Name:
|
Carl E. Berg
|
Berg & Berg Enterprises, LLC
|
|||
By:
|
/s/ Carl E. Berg
|
||
Name:
|
Carl E. Berg
|
||
Title:
|
Managing Member
|