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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549ANNUAL STATEMENT OF CHANGES IN 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. | 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. | SEC 2270 (9-02) | ||
| 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 Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | |||||||||
| Non-recourse note with cap feature (3) (4) | $ 0.8777 | 11/10/2004 | Â | J4 | Â | 1 | 12/31/2006 | 12/31/2006 | Common Stock | (4) | 1 (3) | By Limited Partnership | ||
| Non-recourse note with cap feature (3) (4) | $ 0.804 | 11/17/2004 | Â | J4 | Â | 1 | 12/31/2006 | 12/31/2006 | Common Stock | (4) | 2 (3) | By Limited Partnership | ||
| Non-recourse note with cap feature (3) (4) | $ 0.7888 | 11/27/2004 | Â | J4 | Â | 1 | 12/31/2006 | 12/31/2006 | Common Stock | (4) | 3 (3) | By Limited Partnership | ||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| SMITH JAMES B 1862 W. BITTERS RD. BLDG. #1 SAN ANTONIO, TX 78248 |
 X |  |  Chief Financial Officer |  |
| /s/ James B. Smith | 06/19/2006 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | Contribution of shares by reporting person to limited partnership. |
| (2) | Contribution of shares by reporting person to trust. |
| (3) | The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein, if any. |
| (4) | See Remarks. |
|  Remarks: A limited partnership holding 500,000 shares of the issuer has pledged such shares in connection with a non-recourse loan in  the aggregate amount of $289,000.  The loan was funded in three separate advances at 85% of the market value of the shares  on the date of the respective advance.  The respective per-share loan amounts were $0.6214 (with respect to the advance made  on 11/10/2004), $0.5695 (with respect to the advance made on 11/17/2004), and $0.5588 (with respect to the advance made on  11/27/2004).  The non-recourse loan includes a "cap" feature pursuant to which the limited partnership has agreed that if  the market value of the pledged shares at maturity of the loan exceeds the applicable per-share "cap" amount reflected in  Column 2 above, in each case multiplied by the respective number of shares pledged with respect to such advance (the "Capped  Portfolio Price"), then the limited partnership will either (i) pay to the lender the difference (the "Cap Differential  Amount") between the market value of all such shares at maturity and the Capped Portfolio Price or (ii) allow the lender to  purchase such shares at the Capped Portfolio Price and have no further obligation.  Upon maturity of the note, the limited  partnership may exercise any of the following options: (i) pay off the loan balance, any Cap Differential Amount and accrued  interest and receive back the pledged shares, (ii) sell the pledged shares to the lender at the Capped Portfolio Price, at  the lender's discretion, and receive cash proceeds net of principal and accrued interest, (iii) not repay loan amount or  accrued interest and forfeit pledged shares to the lender with no further liability, or (iv) renew the loan arrangement. | |