SEC Form 4 · accession 0001493152-17-008847
CEA Industries Inc. · BNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chris Bechtel
Director
Period of report
Aug 8, 2017
Accepted (ET)
Aug 10, 2017 · 12:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001482541
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.00001 per shareF1 | Aug 8, 2017 | A | 18,519 | — | A | 9,182,761 | D | |
| Common Stock, par value $0.00001 per shareF2 | Aug 8, 2017 | A | 600,000 | — | A | 9,782,761 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option to purchase common stockF3 | $0.135 | Aug 8, 2017 | A | 450,000 | A | Aug 8, 2017 | Aug 8, 2027 | Common Stock | 450,000 | 2,450,000 | D |
| Option to purchase common stockF4 | $0.135 | Aug 8, 2017 | A | 450,000 | A | Mar 1, 2018 | Aug 8, 2027 | Common Stock | 450,000 | 2,900,000 | D |
Explanation of responses
- F1On August 8, 2017, the Issuer's board of directors approved the issuance of 18,519 shares of common stock in lieu of the cash payment of $2,500 of retainer fees for services as a director, based on a closing price of Issuer's common stock of $0.135 on August 7, 2017.
- F2On August 8, 2017, the Issuer's board of directors approved the issuance of 600,000 shares of common stock in consideration of services rendered by the Reporting Person prior to being appointed a director on May 31, 2017, based on closing price of Issuer's common stock on August 7, 2017.
- F3On August 8, 2017, the Issuer's board of directors approved the grant of non-qualified stock options to purchase 450,000 shares of common stock at an exercise price of $0.135, the closing price of Issuer's common stock on August 7, 2017, which were vested and exercisable on the date of grant. These options were granted for services as a director.
- F4On August 8, 2017, the Issuer's board of directors also approved the additional grant of non-qualified stock options to purchase 450,000 shares of common stock at an exercise price of $0.135, which vest and become exercisable on March 1, 2018 if the Reporting Person continues to provide services as a director on March 1, 2018. These options were granted for services as a director.