SEC Form 4 · accession 0001387131-16-004916
GENERAL CANNABIS CORP · CANN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Feinsod
Director
Period of report
Mar 31, 2016
Accepted (ET)
Apr 8, 2016 · 10:28 am EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF2,F1 | $0.67 | Mar 31, 2016 | A | 1 | A | Mar 31, 2016 | Mar 31, 2021 | Common Stock | 100,000 | 675,000 | I |
| OptionF3 | $0.61 | Apr 1, 2016 | A | 1 | A | Apr 1, 2017 | Apr 1, 2022 | Common Stock | 25,000 | 700,000 | D |
Explanation of responses
- F1Consists of a derivative security issued to Infinity Capital West, LLC
- F2The Reporting Person is the managing member of Infinity Capital West, LLC
- F3The Options vests over a one year period