SEC Form 4 · accession 0001161697-18-000499
GROWLIFE, INC. · PHOT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Barnes
Officer — Pres. GrowLife Hydroponics Inc
Period of report
Oct 15, 2018
Accepted (ET)
Oct 17, 2018 · 7:48 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 | — | — | — | 300,000 | 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 StockF4 | $0.012 | Oct 15, 2018 | A | 18,000,000 | A | — | Oct 14, 2023 | Common Stock | 18,000,000 | 36,000,000 | D |
| Option to purchase Common StockF1 | $0.01 | holding | — | — | — | Oct 10, 2014 | Oct 9, 2019 | Common Stock | 2,000,000 | 2,000,000 | D |
| Option to purchase Common StockF1,F2 | $0.01 | holding | — | — | — | — | Oct 9, 2019 | Common Stock | 6,000,000 | 8,000,000 | D |
| Option to purchase Common StockF3 | $0.007 | holding | — | — | — | — | Aug 14, 2021 | Common Stock | 10,000,000 | 18,000,000 | D |
Explanation of responses
- F1On 10-12-2016, the Issuer repriced the Option from a Conversion Price of $0.05 to $0.01 per share.
- F2The Date Excercisable varies with the Option vesting dates. Option shares vest monthly over 3 years beginning one month after the 10/10/2014 Vesting Commencement Date.
- F3The Date Excercisable varies with the Option vesting dates. Option shares vest quarterly over 3 years beginning one quarter after the 08/15/2017 Vesting Commencement Date.
- F4The Date Excercisable varies with the Option vesting dates. Option shares vest quarterly over 3 years beginning one quarter after the 10/15/2018 Vesting Commencement Date.