SEC Form 4 · accession 0001387131-16-006958
GENERAL CANNABIS CORP · CANN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shelly Whitson
Officer — Principal Accounting Officer
Period of report
Sep 7, 2016
Accepted (ET)
Sep 9, 2016 · 5:17 pm 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF2,F1 | $0.755 | Sep 7, 2016 | A | 1 | A | — | Sep 7, 2021 | Common Stock | 400,000 | 515,000 | D |
Explanation of responses
- F150% of the Options vest on March 7, 2017 and 50% on September 7, 2017.
- F2The reporting person obtained the listed securities pursuant to the Issuer's 2014 Equity Incentive Plan.