Hi Mike-
Please make sure you are using the latest version of the iLok License Manager, found here: https://ilok.com/#!license-manager
Note that we only officially support OSX 10.7 and later, and it appears you might be using a version older than that (the UI looks a bit older in your screenshot). If updating iLok Manager doesn't solve your problem, please email support@eventide.com and we can sort it out.
-Tom
