SEC Form 4 · accession 0001161697-16-001153
GROWLIFE, INC. · PHOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marco Hegyi
Officer — CEO · Director · Other
Period of report
Oct 21, 2016
Accepted (ET)
Oct 27, 2016 · 5:21 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 | holding | — | — | — | 5,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant | $0.01 | Oct 21, 2016 | A | 10,000,000 | A | Oct 21, 2016 | Oct 20, 2021 | Common | 10,000,000 | 35,000,000 | D |
| Warrant | $0.01 | Oct 21, 2016 | A | 10,000,000 | A | Oct 21, 2017 | Oct 20, 2022 | Common | 10,000,000 | 45,000,000 | D |
| Warrant | $0.01 | Oct 21, 2016 | A | 10,000,000 | A | Oct 21, 2018 | Oct 20, 2023 | Common | 10,000,000 | 55,000,000 | D |
| Warrant | $0.01 | holding | — | — | — | Dec 11, 2013 | Dec 11, 2023 | Common | 25,000,000 | 25,000,000 | D |
Remarks
As part of Mr. Hegyi's employment agreement dated October 21, 2016, Mr. Hegyi received a Warrant to purchase up to 10,000,000 shares of common stock of the Company at an exercise price of $0.01 per share. In addition, Mr. Hegyi received Warrants to purchase up to 10,000,000 shares of common stock of the Company at an exercise price of $0.01 per share which vest on October 21, 2017 and 2018. The Warrants are exercisable for 5 years.