4//SEC Filing
GROWLIFE, INC. 4
Accession 0001548026-14-000004
$PHOTCIK 0001161582operating
Filed
Oct 15, 8:00 PM ET
Accepted
Oct 16, 12:22 PM ET
Size
6.3 KB
Accession
0001548026-14-000004
Insider Transaction Report
Form 4
GROWLIFE, INC.PHOT
Scott Sterling C.
DirectorCEO, President, and Secretary10% Owner
Transactions
- Sale
Common Stock
2014-10-13$0.04/sh−598,981$26,954→ 49,987,950 total
Footnotes (3)
- [F1]Excludes the Note, the Jordan Note, and the Andrew Note (as defined below). On 09-10-2014, Sterling Scott ("Sterling") sold his entire interest in that certain 6% Senior Secured Convertible Note ("Note") to Jordan Wedam Scott ("Jordan") and Andrew J. Gentile ("Andrew") in a private transaction for $413,680, which Note was originally issued by GrowLife, Inc. ("Company") to Sterling on 04-05-2012. As of 09-10-2014, the Note and all accrued and unpaid interest on the Note was convertible into 68,247,565 shares of Company common stock. Jordan is Sterling's independent adult son.
- [F2]As a result of that sale, the Note was split up so that in its place the Company issued to (i) Jordan a new 6% Senior Secured Convertible Note in the principal amount of $263,680 with the original issue date of 03-16-2013, amended 09-10-2014 ("Jordan Note"), and (ii) Andrew a new 6% Senior Secured Convertible Note in the principal amount of $150,000 with the original issue date of 03-16-2013, amended 09-10-2014 ("Andrew Note"). As a result of that transaction, Sterling holds -0- derivate securities in the Company.
- [F3]Following the transaction, Sterling Scott still beneficially owns 49,987,950 shares of common stock, of which Sterling Scott's wife owns 2,987,432 shares, representing 5.3% of the outstanding stock of the Company.
Documents
Issuer
GROWLIFE, INC.
CIK 0001161582
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001161582
Filing Metadata
- Form type
- 4
- Filed
- Oct 15, 8:00 PM ET
- Accepted
- Oct 16, 12:22 PM ET
- Size
- 6.3 KB