SEC Form 4 · accession 0001477932-17-003687
COOL TECHNOLOGIES, INC. · WARM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Quentin Dean Ponder
Officer — Vice Chairman, CFO, Director · Director
Period of report
Jul 21, 2017
Accepted (ET)
Aug 4, 2017 · 8:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001399352
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 21, 2017 | J | 1,000,000 | — | A | 3,400,000 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (Right to Buy)F1 | $0.10 | Jul 21, 2017 | J | 1,000,000 | A | Jul 21, 2017 | Jul 21, 2022 | Common Stock | 1,000,000 | 1,000,000 | I |
Explanation of responses
- F1Mr. Ponder is the sole owner of Summit Management Consulting, Inc. ("Summit Management Consulting"). Pursuant to a consulting agreement between Cool Technologies Inc. (the "Company) and Summit Management, the Company pays Summit a monthly consulting fee of $12,000. As of June 30, 2017, the Company owed Summit Management $176,060 in accrued consulting fees. On July 21, 2017, in payment of $70,000 of the accrued fees consulting fees owed to Summit Management, the Company issued Summit Management 1,0000,000 shares of the Company's common stock and a warrant to purchase 1,000,000 shares of the Company's common stock at an exercise price of $0.10 per share.