SEC Form 4 · accession 0001161697-16-001149
GROWLIFE, INC. · PHOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Scott
Officer — Consulting CFO
Period of report
Oct 21, 2016
Accepted (ET)
Oct 25, 2016 · 4:26 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001161582
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Oct 21, 2016 | J | 4,000,000 | $0.01 | A | 7,000,000 | D | |
| Common Stock | Oct 21, 2016 | A | 6,000,000 | $0.01 | A | 13,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to purchase Common StockF1 | $0.01 | Oct 21, 2016 | J | 12,000,000 | D | — | Jun 30, 2019 | Common Stock | 12,000,000 | 2,000,000 | D |
| Option to purchase Common StockF2 | $0.01 | holding | — | — | — | — | Jun 30, 2019 | Common Stock | 2,000,000 | 4,000,000 | D |
Explanation of responses
- F1The Date Exercisable varies with the Option vesting dates. Option shares vest monthly over thirty six months beginning on the 07/01/2014 Vesting Commencement Date. Option has a 5 year life and cashless exercise.
- F2The Date Exercisable varies with the Option vesting date. Option shares vest immediately upon closing of an acquisition, completion of integration and filing of the Form 8-K with audited financial statements. Option has a 5 year life and cashless exercise.
- F3Shares issued for conversion of $40,000 debt.
- F4Cancellation of Options.
Remarks
On 10-21-2016, 12,000,000 Options were cancelled. There remain 4,000,000 Options held.