SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Travers Paul J

(Last) (First) (Middle)
C/O VUZIX CORPORATION
75 TOWN CENTRE DRIVE

(Street)
ROCHESTER NY 14623

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
12/08/2009
3. Issuer Name and Ticker or Trading Symbol
Vuzix Corp [ VZX:TSXV ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
common stock 70,239,611 D
common stock 834,285 I by Travers Family LLC(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
option - right to buy (2) 09/02/2012 common stock 188,576 0.0088 D
option - right to buy (3) 01/02/2013 common stock 1,485,232 0.0297 D
option - right to buy (4) 05/02/2019 common stock 60,000 0.15 I by son
Explanation of Responses:
1. The Reporting Person owns a 50% membership interest in Travers Family LLC. The Reporting Person disclaims beneficial ownership, within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, of the portion of these shares in which the Reporting Person has no actual pecuniary interest.
2. The option was granted under the issuer's 1997 Incentive Compensation Plan on September 3, 2002 and vested over four years from the date of grant.
3. The option was granted under the issuer's 1997 Incentive Compensation Plan on January 3, 2003 and vested on December 31, 2003.
4. The option was granted under the issuer's 2007 Amended and Restated Stock Option Plan on May 2, 2009 and vests in equal monthly installments over four years from the date of grant.
Remarks:
The following exhibits are included in this Initial Statement of Beneficial Ownership of Securities on Form 3: 24 Power of Attorney
/s/ Grant Russell, attorney-in-fact for Paul J. Travers 12/08/2009
** 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 5 (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.