Shiff Dov 4
4 · SQL Technologies Corp. · Filed Jun 8, 2022
Insider Transaction Report
Form 4
Shiff Dov
Director10% Owner
Transactions
- Purchase
Common Stock, no par value
2022-06-06$2.72/sh+20,000$54,458→ 10,817,072 total(indirect: By Shiff Group)
Holdings
- 3,887,590
Common Stock, no par value
- 25,000
Stock Option (right to buy)
Exercise: $3.00From: 2019-01-01Exp: 2024-01-01→ Common Stock, no par value (25,000 underlying) - 25,000
Stock Option (right to buy)
Exercise: $12.00From: 2021-12-31Exp: 2026-12-31→ Common Stock, no par value (25,000 underlying) - 25,000
Stock Option (right to buy)
Exercise: $12.00From: 2020-01-01Exp: 2025-01-01→ Common Stock, no par value (25,000 underlying) - 25,000
Stock Option (right to buy)
Exercise: $12.00From: 2020-12-31Exp: 2025-12-31→ Common Stock, no par value (25,000 underlying) - 5,000
Stock Option (right to buy)
Exercise: $12.34From: 2022-03-31Exp: 2027-03-11→ Common Stock, no par value (5,000 underlying) - 40,000(indirect: By Spouse)
Common Stock, no par value
- 235,712(indirect: By Shiff Group Assets)
Common Stock, no par value
- 25,000
Stock Option (right to buy)
Exercise: $3.00From: 2018-01-01Exp: 2023-01-01→ Common Stock, no par value (25,000 underlying) - (indirect: By Shiff Group)
6.0% Subordinated Convertible Promissory Note
Exercise: $15.00Exp: 2023-11-03→ Common Stock, no par value
Footnotes (6)
- [F1]These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
- [F2]The securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
- [F3]The principal amount, plus any accrued and unpaid interest, is convertible at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00.
- [F4]Represents the principal amount of the convertible note and excludes interest that may accrue. Interest on the note is payable annually, in cash or common stock, at the holder's discretion.
- [F5]Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
- [F6]The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.55 and $3.06 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.