SEC Form 4 · accession 0001477932-18-001203
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 12, 2018
Accepted (ET)
Mar 9, 2018 · 5:23 pm EST
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 Stock $.001F1 | Feb 12, 2018 | A | 1,000,000 | $0.00 | A | 2,600,000 | I | Summit Management Consulting, Inc. |
| Common Stock $.001 | holding | — | — | — | 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 | $0.0714 | Feb 12, 2018 | A | 1,000,000 | A | Feb 12, 2018 | Feb 12, 2023 | Common Stock | 1,000,000 | 1,000,000 | I |
| Warrant (to purchase common stock)F2 | $0.0714 | Feb 25, 2018 | A | 600,000 | A | Feb 25, 2018 | Feb 25, 2023 | Common Stock | 600,000 | 600,000 | I |
Explanation of responses
- F1Mr. Ponder is the sole owner of Summit Management Consulting, Inc. ("Summit Management"). In exchange for $50,000 of consulting fees due to Summit Management, on February 12, 2018, the Issuer issued Summit Management 1,000,000 shares of common stock and a warrant to purchase 1,000,000 shares of the Issuer's common stock at an exercise price of $.0714 per share.
- F2In exchange for $30,000 of consulting fees due to Summit Management, on February 25, 2018, the Issuer issued a warrant to purchase 600,000 shares of the Issuer's common stock at an exercise price of $.0714 per share and intends to issue Summit Management 600,000 shares of common stock which have not yet been issued.