SEC Form 4 · accession 0001477932-17-002562
Spotlight Innovation Inc. · STLT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cristopher Grunewald
10% Owner
Period of report
May 22, 2017
Accepted (ET)
May 25, 2017 · 4:53 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001388486
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 22, 2017 | D | 1,618,627 | $0.00 | D | 4,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantsF2 | $1.25 | May 22, 2017 | A | 500,000 | D | May 22, 2017 | May 22, 2020 | Common Stock | 500,000 | 500,000 | D |
Explanation of responses
- F1The shares were cancelled by mutual agreement of the Reporting Person and the Company.
- F2The Reporting Person received warrants to purchase up to 500,000 shares of common stock of the Company in connection with the Reporting Person entering into a Consulting Agreement with the Company. The warrants are exercisable at $1.25 per share for a term of three years.