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
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
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*
LATHAM LAURIE L

(Last) (First) (Middle)
3701 W. PLANO PARKWAY
SUITE 300

(Street)
PLANO TX 75075

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
VIEWCAST COM INC [ VCST.OB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
04/12/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
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 04/12/2010 P 6,044 A $0.1378 53,639 D
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
Stock Option Grant $0.17 04/01/2010 A 150,000 (1) 04/01/2017 Common Stock 150,000 $0.00 150,000 D
Stock Option Grant $0.17 04/01/2010 A 150,000 (2) 04/01/2017 Common Stock 150,000 $0.00 150,000 D
Stock Option Grant $0.33 (3) 04/15/2016 Common Stock 125,000 125,000 D
Stock Option Grant $0.33 (4) 04/15/2016 Common Stock 125,000 125,000 D
Stock Option Grant $0.48 (5) 02/08/2015 Common Stock 250,000 250,000 D
Stock Option Grant $0.42 07/12/2008 07/12/2014 Common Stock 62,500 62,500 D
Stock Option Grant $0.285 04/19/2005 04/19/2015 Common Stock 50,000 50,000 D
Stock Option Grant $0.485 07/03/2002 07/31/2012 Common Stock 60,000 60,000 D
Stock Option Grant $1.094 02/28/2001 02/28/2011 Common Stock 100,000 100,000 D
Stock Option Grant $2.5 08/04/2000 08/04/2010 Common Stock 10,000 10,000 D
Stock Option Grant $5.5 12/21/1999 12/21/2009 Common Stock 100,000 100,000 D
Explanation of Responses:
1. 1/3 will vest on 4/1/2011; 1/36th will vest monthly thereafter
2. If performance criteria achieved, then 15/36 will vest on 3/31/2011; 1/36th will vest monthly thereafter
3. Pursuant to Viewcast.com, Inc's (the "Company") 2005 Stock Incentive Plan, 41,667 shares will vest on 4/15/2010. The remaining 83,333 shares will vest in 1/36th increments each month thereafter.
4. Pursuant to the Company's 2005 Stock Incentive Plan, 52,083 shares will vest on 3/31/2010 contingent on the Company meeting certain performance criteria. The remaining 72,917 shares will vest in 1/36th increments each month thereafter.
5. Pursuant to the Company's 2005 Stock Incentive Plan, 20,083 shares will vest on 02/08/09 and 41,667 shares will vst in 1/36th increments each month thereafter. Contingent on the Company meeting certain performance criteria, 78,125 shares will vest on 3/31/2009 and 109,375 shares will vest in 1/36th increments each month thereafter.
Remarks:
//Laurie Latham 04/14/2010
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.