SEC Form 4 · accession 0001654954-18-000057
Level Brands, Inc. · LEVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin A. Sumichrast
Officer — Chairman of the Board and CEO · Director
Period of report
Jan 1, 2018
Accepted (ET)
Jan 3, 2018 · 4:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001644903
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jan 1, 2018 | M | 150,000 | $0.00 | A | 746,434 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| restricted stock grantF1,F3 | $0.00 | Jan 1, 2018 | M | 150,000 | D | Jan 1, 2018 | — | common stock | 150,000 | 0 | D |
Explanation of responses
- F1Represents vesting of restricted stock grant.
- F2The number of shares beneficially owned by Mr. Sumichrast includes (i) 325,834 shares held of record by Stone Street Partners, LLC and (ii) 270,600 shares held of record by Washington Capital LLC. Mr. Sumichrast in his position at Stone Street Partners, LLC has the right to direct the vote and disposition of securities owned by Stone Street Partners, LLC. Mr. Sumichrast has voting and dispositive control over securities owned by Washington Capital LLC. Mr. Sumichrast disclaims beneficial ownership of the securities held of record by each of these entities except to the extent of his pecuniary interest therein.
- F3No expiration date.