SEC Form 4 · accession 0001477932-17-000829
Spotlight Innovation Inc. · STLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig A Lang
Director
Period of report
Feb 14, 2017
Accepted (ET)
Feb 16, 2017 · 3:11 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.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Convertible NoteF1 | — | Feb 14, 2017 | P | 156,863 | A | Feb 14, 2017 | Feb 14, 2019 | Common Stock | 156,863 | 156,863 | I |
| WarrantF2 | — | Feb 14, 2017 | P | 24,000 | A | Feb 14, 2017 | Feb 14, 2020 | Common Stock | 24,000 | 24,000 | I |
Explanation of responses
- F1On February 14, 2016 the Reporting Person purchased a convertible note ($80,000 principal amount) which is convertible into shares of Common Stock of the Company at a price per share equal to Ninety Percent (90%) of the closing bid price of the Common Stock during the 20 consecutive trading days immediately preceding such conversion. Conversion price ($.51 per share) and number of underlying shares of Common Stock are calculated as if converted on February 14, 2017.
- F2Exercise Price is equal to one hundred ten percent (110%) of the closing bid price of the common stock of the Company on August 14, 2017 (the six month anniversary of the date of issuance).