SEC Form 4 · accession 0001387131-17-000680
GENERAL CANNABIS CORP · CANN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Feinsod
Director · 10% Owner
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 6:18 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 StockF1,F2 | Feb 7, 2017 | S | 200,000 | $1.25 | D | 1,100,000 | I | By Infinity Capital, LLC |
| Common Stock | holding | — | — | — | 15,700 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 7, 2017, Infinity Capital, LLC ("Infinity Capital") sold in a private transaction 200,000 shares of Common Stock for $250,000 to an unrelated entity that is not a registered broker-dealer.
- F2The Reporting Person is the sole member (and managing member) of Infinity Capital.