SEC Form 4 · accession 0001477932-16-014222

Spotlight Innovation Inc. · STLT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Dec 19, 2016

Accepted (ET)

Dec 21, 2016 · 9:14 pm EST

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001388486

Table I — non-derivative securities

No Table I lines on this filing.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Convertible Note^F3,F2,F1	$0.00	Dec 19, 2016	P	971,896	A	Dec 19, 2016	—	Common Stock	971,896	971,896	I
Common Stock Purchase Warrant^F3,F2	$1.20	Dec 19, 2016	P	1,037,500	A	Dec 16, 2016	Dec 31, 2018	Common Stock	1,037,500	1,037,500	I

F1$830,000 principal amount convertible promissory note (the Note). The Note bears interest at the rate of six percent per annum, and is convertible into shares of common stock of the Company at a price equal to Seventy Percent (70%) of the average closing bid price of the common stock of the Company during the six months immediately prior to such conversion.
F2The Reporting Person is the Managing Member of K-4 and in such capacity holds voting and dispositive power over the securities held by such entity.
F3Based on 50% of total held by K-4. The Reporting Person is the Managing Member of K-4 and in such capacity holds voting and dispositive power over the securities held by such entity. The number of shares was calculated as if converted using the December 19, 2016 average closing bid price. That six month average was $0.61 per share, and the conversion price (70%) was $0.427 per share, for a total of 1,943,793 shares.