SEC Form 4 · accession 0001213900-16-018051
SPORTS FIELD HOLDINGS, INC. · SFHI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeromy Slade Olson
Officer — Chief Executive Officer · Director
Period of report
Nov 3, 2016
Accepted (ET)
Nov 7, 2016 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001539551
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to Purchase Common StockF1,F2 | $1.50 | Nov 3, 2016 | A | 100,000 | A | Nov 3, 2016 | Nov 3, 2021 | Common Stock | 100,000 | 350,000 | D |
| Options to Purchase Common StockF1,F2 | $1.75 | Nov 3, 2016 | A | 75,000 | A | Dec 31, 2016 | Nov 3, 2021 | Common Stock | 75,000 | 350,000 | D |
| Options to Purchase Common StockF3,F2 | $1.50 | Nov 3, 2016 | A | 100,000 | A | Nov 3, 2016 | Nov 3, 2021 | Common Stock | 100,000 | 350,000 | I |
| Options to Purchase Common StockF3,F2 | $1.75 | Nov 3, 2016 | A | 75,000 | A | Dec 31, 2016 | Nov 3, 2021 | Common Stock | 75,000 | 350,000 | I |
Explanation of responses
- F1The options to purchase common stock were issued pursuant to the Employment Agreement entered into between the Issuer and Mr. Olson, effective September 19, 2014 (the "Employment Agreement").On October 4, 2016 the Board approved the Sports Field Holdings 2016 Incentive Stock Plan (the "2016 Plan"). On November 3, 2016, the Board, pursuant to the Employment Agreement, approved the issuance of (i) qualified options to purchase 100,000 shares of the Company's Common Stock at a price of $1.50 vesting immediately with a grant date of November 3, 2016 and (ii) qualified options to purchase 75,000 shares of the Company's Common Stock at a price of $1.75 vesting on December 31, 2016.
- F2The options to purchase common stock were issued as consideration for Mr. Olson's work as the Chief Executive Officer of the Issuer and granted pursuant to the Employment Agreement in accordance with the Company 2016 Plan.
- F3The options to purchase common stock were issued pursuant to a Representative Agreement dated March 10, 2014, as amended, to NexPhase Global, LLC an Illinois limited liability company ("NexPhase") to be granted pursuant to a qualified stock option plan. Jeremy Olson owns 50% of NexPhase. On November 3, 2016, the Board, pursuant to the Representative Agreement, approved the issuance of (i) qualified options to purchase 100,000 shares of the Company's Common Stock at a price of $1.50 vesting immediately with a grant date of November 3, 2016 and (ii) qualified options to purchase 75,000 shares of the Company's Common Stock at a price of $1.75 vesting on December 31, 2016.