4//SEC Filing
SQL Technologies Corp. 4
Accession 0001634483-17-000002
$SKYXCIK 0001598981operating
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 11:27 AM ET
Size
16.3 KB
Accession
0001634483-17-000002
Insider Transaction Report
Form 4
Kohen Ran Roland
Director10% Owner
Transactions
- Award
Options
2016-09-01+1,000,000→ 1,000,000 total(indirect: By LLC)Exercise: $5.00→ Common Stock, no par value (1,000,000 underlying) - Award
Options
2015-11-15+1,000,000→ 1,000,000 total(indirect: By LLC)Exercise: $0.60From: 2015-11-15Exp: 2025-11-15→ Common Stock, no par value (1,000,000 underlying) - Award
Common Stock, no par value
2016-09-01+1,140,000→ 9,143,969 total(indirect: By LLC) - Award
Options
2016-09-01+1,500,000→ 1,500,000 total(indirect: By LLC)Exercise: $3.00→ Common Stock, no par value (1,500,000 underlying) - Award
Options
2016-09-01+1,500,000→ 1,500,000 total(indirect: By LLC)Exercise: $4.00→ Common Stock, no par value (1,500,000 underlying)
Footnotes (4)
- [F1]Pursuant to the Chairman Agreement between the Company and Mr. Kohen, dated September 1, 2016, and disclosed on the Company's Form 8-K filed on November 8, 2016, Mr. Kohen was granted 1,140,000 unvested shares of the Company's common stock. The shares shall vest as follows: (i) 1,020,000 shares on January 1, 2019 and (ii) 120,000 shares on January 1, 2020.
- [F2]The shares of common stock and options reported herein are directly beneficially owned by KRNB Holidings LLC. Mr. Kohen is the manager of KRNB Holdings LLC, having sole voting power and control over the shares of common stock reported herein, and thus may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares that KRNB Holdings LLC owns.
- [F3]Pursuant to the Chairman Agreement, Mr. Kohen was granted unvested options to purchase 4,000,000 shares of the Company's common stock. Options to purchase 500,000 shares of the Company's common stock at an exercise price of $3.00 per share will vest upon the Company reaching each of the following market capitalizations: (i) $300,000,000, (ii) $500,000,000, and (iii) $750,000,000. Options to purchase 500,000 shares of the Company's common stock at an exercise price of $4.00 per share will vest upon the Company reaching each of the following market capitalizations: (i) $1,000,000,000, (ii) $1,500,000,000, and (iii) $2,000,000,000. Options to purchase 500,000 shares of the Company's common stock at an exercise price of $5.00 per share will vest upon the Company reaching each of the following market capitalizations: (i) $2,500,000,000 and (ii) $3,000,000,000.
- [F4]Pursuant to the Company's 2015 Stock Incentive Plan, on November 15, 2015, Mr. Kohen was awarded options to purchase up to 1,000,000 shares of the Company's stock at an exercise price of $0.60 per share, of which 400,000 vested immediately, 300,000 vested on November 15, 2016 and the remaining 300,000 will vest on November 15, 2017. The options expire 10 years from the date of grant.
Documents
Issuer
SQL Technologies Corp.
CIK 0001598981
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0001598981
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 11:27 AM ET
- Size
- 16.3 KB