SEC Form 4 · accession 0001387131-16-008018
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
Nov 7, 2016
Accepted (ET)
Nov 15, 2016 · 9:41 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001477009
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 7, 2016 | M | 10,000 | $1.03 | A | 10,000 | D | |
| Common Stock | Nov 14, 2016 | M | 10,000 | $4.00 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF2,F1 | $1.03 | Nov 7, 2016 | M | 10,000 | D | — | Aug 31, 2021 | Common Stock | 10,000 | 505,000 | D |
Explanation of responses
- F1Currently Exercisable.
- F2The reporting person obtained the listed securities pursuant to the Issuer's 2014 Equity Incentive Plan.