SEC Form 3 · accession 0001654954-18-003761
SharpSpring, Inc. · SHSP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Daniel Allen
Director · 10% Owner
Corona Investment Partners, LLC
10% Owner
SHSP Holdings, LLC
10% Owner
Period of report
Mar 28, 2018
Accepted (ET)
Apr 9, 2018 · 9:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001506439
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 519,000 | I | By Evercel Holdings LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5% Convertible Promissory NoteF3,F4,F2 | $7.50 | holding | — | — | — | Mar 28, 2018 | — | Common Stock | 1,066,667 | — | I |
Explanation of responses
- F1The reported securities are owned directly by Evercel Holdings LLC. Daniel Allen ("Allen") is the manager of Corona Park Investment Partners, LLC ("CPIP") and CPIP has shared dispositive power over the securities held by Evercel Holdings LLC. Allen and CPIP disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
- F2The promissory note matures on March 28, 2023, provided that SharpSpring, Inc. (the "Registrant") may extend the maturity date for six (6) months on up to three (3) occasions. Interest accrues on the promissory note at a rate of 5% per annum and is paid annually by the issuance of additional convertible promissory notes.
- F3The reported securities are owned directly by SHSP Holdings, LLC. Allen is the manager of CPIP and CPIP has sole voting and dispositive power over the securities held by SHSP Holdings, LLC. Allen and CPIP disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
- F4Daniel Allen was appointed as a director of the Registrant on April 3, 2018 pursuant to an arrangement between the Registrant and SHSP Holdings, LLC. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, SHSP Holdings, LLC is deemed a director by deputization by virtue of its representation on the Board of Directors of the Registrant.