Statement of Changes in Beneficial Ownership (4)
March 17 2015 - 5:34PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Schorr Steven M
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2. Issuer Name
and
Ticker or Trading Symbol
KonaRed Corp
[
OB:KRED
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__
X
__ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
2829 ALA KALANIKAUMAKA STREET, SUITE F-133
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3. Date of Earliest Transaction
(MM/DD/YYYY)
3/2/2015
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(Street)
KOLOA, HI 96756
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Shares - control
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3/2/2015
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J
(1)
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562868
(2)
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A
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$0.001
(1)
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7634647
(1)
(2)
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D
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Call options to purchase restricted common shares
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$0.17
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12/19/2014
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A
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1000000
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12/19/2014
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12/19/2019
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Restricted common shares
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1000000
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$0.17
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1000000
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D
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Explanation of Responses:
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(
1)
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On October 4, 2013 KonaRed Corporation ('KRED') acquired the assets of Sandwich Isles Trading Co, Inc. ('SITC') in a share exchange wherein Mr. Schorr personally received 7,054,362 shares in the initial shares distribution. On March 2, 2015 there was a second (and final) distribution of KRED shares to the former shareholders of SITC related to the share exchange wherein Mr. Schorr received 562,868 additional shares, which are the subject of this Form 4 filing. The acquisition price shown is the average price paid by Mr. Schorr as a founder after taking into account the share exchange. The exchanged shares were registered in a Form S-1 which became Effective December 19, 2014 and are unrestricted.
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(
2)
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Mr. Schorr also holds 17,417 shares which he received via a Form S-8 distribution on May 27, 2014.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Schorr Steven M
2829 ALA KALANIKAUMAKA STREET
SUITE F-133
KOLOA, HI 96756
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X
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X
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Signatures
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/s/ Steven Schorr
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3/17/2015
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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