SEC Form 4 · accession 0001387131-15-003749
GENERAL CANNABIS CORP · CANN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Feinsod
Director
Period of report
Dec 18, 2015
Accepted (ET)
Dec 29, 2015 · 11:59 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001477009
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1,F3,F2 | $0.60 | Dec 18, 2015 | A | 75,000 | A | Dec 18, 2016 | Dec 18, 2020 | Common Stock | 75,000 | 575,000 | D |
Explanation of responses
- F1Consists of options granted to Infinity Capital, LLC.
- F2The options vest over a one year period.
- F3The Reporting Person is the sole (and managing) member of Infinity Capital, LLC.