SEC Form 4 · accession 0001182489-16-001157
AeroGrow International, Inc. · AERO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
SMG Growing Media, Inc.
10% Owner
Period of report
Jul 1, 2016
Accepted (ET)
Jul 1, 2016 · 4:35 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001316644
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | Jul 1, 2016 | J | 878,362 | $0.00 | A | 2,400,946 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1SMG Growing Media, Inc. ("SMG") received a total of 878,362 shares of the Issuer's common stock of which (i) 211,921 represented a payment-in-kind dividend on 2,649,007 shares of the Issuer's Series B Convertible Preferred Stock owned at the time of the dividend payment date, (ii) 259,763 represented a payment-in-kind royalty under a Technology License Agreement with the Issuer, and (iii) 406,678 represented a payment-in-kind fee under a Brand License Agreement with the Issuer.
Remarks
These securities are owned directly by SMG Growing Media, Inc., which is a wholly-owned subsidiary of The Scotts Miracle-Gro Company. The Scotts Miracle-Gro Company is an indirect beneficial owner of the reported securities.