SEC Form 4 · accession 0001161697-17-000447
GROWLIFE, INC. · PHOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark E Scott
Officer — CFO
Period of report
Oct 15, 2017
Accepted (ET)
Oct 17, 2017 · 5:24 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 | — | — | — | 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 StockF2 | $0.006 | Oct 15, 2017 | A | 12,000,000 | A | — | Oct 15, 2022 | Common Stock | 12,000,000 | 14,000,000 | D |
| Option to purchase Common StockF1 | $0.01 | holding | — | — | — | — | Jun 30, 2019 | Common Stock | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1The 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.
- F2The Date Exercisable varies with the Option vesting date. Option shares vest quarterly over three years. 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.