SEC Form 4 · accession 0001387131-17-004884
GENERAL CANNABIS CORP · CANN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian P. Andrews
Officer — Chief Financial Officer
Period of report
Sep 15, 2017
Accepted (ET)
Sep 29, 2017 · 4:49 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionF1 | $1.39 | Sep 15, 2017 | A | 300,000 | A | Sep 15, 2017 | Sep 15, 2022 | Common Stock | 300,000 | 300,000 | D |
Explanation of responses
- F1One-third of the options vest immediately, one-third of the options vest on the six month anniversary date of the grant, and one-third of which vest on the one year anniversary of the grant date.