PERM Denied H1b extension option- URGENT


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Hi

My present H1b is valid until end of June (including recapture) and my PERM that was not filed 365 days before expiry(was filed in oct 2011) got denied today. My wife is working on H1.At this point what are my options to get my h1 extension or legal stay after june ?

Please advise.

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Thanks again.

Who should file the H1 to H4 conversion.Will it be my employer or my spouse's employer or individual?

Also when should it be filed? say my 6th year expires on June 30th. Is it fine for me to file for COS by June 20th requesting for it my H4 to start from July 1st?

And if the COS gets approved later with some other date in July , will the period after June 30 to the date form when it gets approved, be considered as out of status?

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