4//SEC Filing
CANNASYS INC 4
Accession 0001617950-16-000001
CIK 0001417028operating
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 2:26 PM ET
Size
14.9 KB
Accession
0001617950-16-000001
Insider Transaction Report
Form 4
CANNASYS INCMJTK
Jennewine Brandon Chad
DirectorCEO10% Owner
Transactions
- Disposition to Issuer
Restricted Stock Grant
2015-12-24−500,000→ 0 totalExercise: $0.00→ Common Stock (500,000 underlying) - Award
Restricted Stock Grant
2015-07-10+500,000→ 500,000 totalExercise: $0.00Exp: 2017-12-31→ Common Stock (500,000 underlying) - Other
Common Stock
2016-07-08−1,515,000→ 0 total(indirect: By LLC) - Award
Warrant
2015-12-24+500,000→ 500,000 totalExercise: $0.05Exp: 2018-12-31→ Common Stock (500,000 underlying) - Award
Series A Preferred Stock
2016-07-29+1,515,000→ 1,515,000 total(indirect: By LLC)Exercise: $0.00→ Common Stock (1,515,000 underlying)
Footnotes (5)
- [F1]On July 8, 2016, reporting person agreed to exchange 1,515,000 shares of common stock for 1,515,000 shares of Series A Preferred Stock, and the common stock was returned to the issuer for cancellation.
- [F2]Reporting person is the sole member of F-Squared Enterprises, LLC.
- [F3]Reporting person received a grant of restricted stock for 500,000 shares of common stock, to vest in equal increments of 1/10th each quarter, beginning on 07/10/15 for the quarter ended 06/30/15, and thereafter, on the first day of each subsequent quarter, until fully vested. No shares were issued and on 12/24/15, the grant of restricted stock and the shares vested were cancelled in exchange for a warrant to purchase 500,000 shares of common stock, at an exercise price of $0.05 per share, with 100,000 shares of common stock vested on date of issuance and the remaining shares to vest 1/10th on the last day of each subsequent quarter beginning 03/31/16 until fully vested.
- [F4]Upon issuer's filing an amendment to its articles of incorporation effecting a reverse stock split and an increase in its authorized shares of common stock, all the outstanding shares of Series A Preferred Stock will immediately and automatically convert into shares of common stock, without any notice or action required on the part of the issuer or the reporting person.
- [F5]K - Transaction in equity swap or instrument with similar characteristics.
Documents
Issuer
CANNASYS INC
CIK 0001417028
Entity typeoperating
IncorporatedNV
Related Parties
1- filerCIK 0001417028
Filing Metadata
- Form type
- 4
- Filed
- Aug 15, 8:00 PM ET
- Accepted
- Aug 16, 2:26 PM ET
- Size
- 14.9 KB