SEC Form 4 · accession 0001654954-18-000103

Level Brands, Inc. · LEVB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director · 10% Owner

Period of report

Jan 1, 2018

Accepted (ET)

Jan 4, 2018 · 1:57 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 stock^F1,F2	Jan 1, 2018	M	40,000	$0.00	A	1,072,667	I	See Footnote

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
restricted stock grant^F1,F3	$0.00	Jan 1, 2018	M	40,000	D	Jan 1, 2018	—	common stock	40,000	0	D

F1Represents vesting of restricted stock grant.
F2Includes (i) 166,667 shares of common stock held of record by the Sterling Winters Living Trust u/t/d/ December 10, 1993 (the "Trust"). Mr. Sterling is a trustee of the Trust and in such position has shared voting and dispositive control over securities held of record by the Trust; (ii) 583,000 shares of common stock held of record by IM1 Holdings, LLC ("IM1 Holdings"); and (iii) 283,000 shares held of record by record by EE1 Holdings LLC ("EE1 Holdings"). The Trust is the manager and a member of both IM1 Holdings and EE1 Holdings. Mr. Sterling, as a trustee of the Trust, has shared voting and dispositive control of the shares held of record by IM1 Holdings and EE1 Holdings. Mr. Sterling disclaims beneficial ownership of the securities held of record by the Trust, IM1 Holdings and EE1 Holdings except to the extent of his pecuniary interest therein. Additional information on these holdings are disclosed in a Schedule 13D filed by the Trust, Mr. Sterling as trustee of the Trust and Mr. Jason Winters as a trustee of the Trust with the SEC on November 16, 2017.
F3No expiration date.