SEC Form 4 · accession 0000721748-16-000953
SKYX Platforms Corp. · SKYX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leonard J Sokolow
Director
Period of report
Jan 25, 2016
Accepted (ET)
Jan 28, 2016 · 2:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001598981
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON STOCK, NO PAR VALUEF1 | Jan 25, 2016 | A | 50,000 | $0.60 | A | 50,000 | D | |
| COMMON STOCK, NO PAR VALUEF2 | Jan 25, 2016 | A | 12,000 | $1.00 | A | 62,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| INCENTIVE STOCK OPTIONSF3,F4 | $0.60 | Jan 25, 2016 | A | 150,000 | A | Jan 25, 2016 | Nov 15, 2025 | COMMON STOCK, NO PAR VALUE | — | 150,000 | D |
Explanation of responses
- F1Mr. Sokolow received 50,000 shares of common stock of Safety Quick Lighting & Fans Corp. (the "Company") in connection with his appointment to the Company's Board of Directors on November 15, 2015. The shares were issued under the Company's 2015 Stock Incentive Plan, pursuant to a Stock Award Agreement, dated January 25, 2016, between Mr. Sokolow and the Company. The price per share was determined based on the Company's then-current private placement of common stock as of the date of such appointment.
- F2Mr. Sokolow received 12,000 shares of common stock of the Company in connection with his appointment as the Chairman of the Audit Committee of the Company's Board of Directors on January 5, 2016. The shares were issued under the Company's 2015 Stock Incentive Plan, pursuant to a Stock Award Agreement, dated January 25, 2016, between Mr. Sokolow and the Company. The price per share was determined based on the Company's then-current private placement of common stock as of the date of such appointment.
- F3Mr. Sokolow received Incentive Stock Options to purchase up to 150,000 shares of common stock of the Company at $0.60 per share, in connection with his appointment to the Company's Board of Directors on November 15, 2015. The options were issued under the Company's 2015 Stock Incentive Plan, pursuant to a Stock Option Agreement, dated January 25, 2016, between Mr. Sokolow and the Company. The price per share was determined based on the Company's then-current private placement of common stock as of the date of such appointment.
- F4The options may be exercised immediately and until the earlier of (a) 10 years from the date of Mr. Sokolow's appointment as a director and such option grants were authorized or (b) immediately upon the date Mr. Sokolow ceases to be a director if terminated for cause, or 90 days after such date if he ceases to be a director for any other reason.