SEC Form 4 · accession 0001477932-17-005196
COOL TECHNOLOGIES, INC. · WARM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Quentin Dean Ponder
Officer — Chief Financial Officer · Director
Period of report
Feb 3, 2016
Accepted (ET)
Oct 24, 2017 · 1:48 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,F2 | Feb 3, 2016 | A | 400,000 | — | A | 2,400,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (to purchase common stock)F1 | $0.22 | Feb 3, 2016 | A | 400,000 | A | Feb 3, 2016 | Feb 3, 2021 | Common Stock | 400,000 | 400,000 | D |
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 Management a monthly consulting fee of $12,000. On February 23, 2016, Summit Management applied unpaid consulting fees of $64,000 to purchase 400,000 shares of the Company's common stock and a warrant to purchase 400,000 shares of the Company's common stock at an exercise price of $.22 per share. On June 24, 2016, Summit Management Consulting transferred 400,000 shares of Common Stock of the Company to Mr. Ponder. As a result, Mr. Ponder became the direct owner of such amount of shares of Common Stock.
- F2As of the date of the filing of this report.