Initial Statement of Beneficial Ownership (3)
April 27 2017 - 5:52PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
Estimated average burden
hours per response...
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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
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BARRON PATRICIA ANN
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2. Date of Event Requiring Statement (MM/DD/YYYY)
7/1/2016
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3. Issuer Name
and
Ticker or Trading Symbol
SQL Technologies Corp. [SQFL]
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(Last)
(First)
(Middle)
C/O SQL TECHNOLOGIES CORP., 4400 NORTH POINT PARKWAY, SUITE 154
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4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
_____ 10% Owner
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X
___ Officer (give title below)
_____ Other (specify below)
Chief Operations Officer /
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(Street)
ALPHARETTA, GA 30022
(City)
(State)
(Zip)
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5. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
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X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Common Stock, no par value
(1)
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100000
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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. 4)
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2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership
(Instr. 5)
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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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Options
(2)
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11/15/2015
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11/15/2025
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Common Stock, no par value
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200000
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$0.6
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D
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Options
(2)
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11/15/2016
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11/15/2025
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Common Stock, no par value
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150000
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$1.2
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D
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Options
(2)
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11/15/2017
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11/15/2025
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Common Stock, no par value
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150000
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$1.8
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D
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Explanation of Responses:
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(1)
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These shares were issued to Ms. Barron prior to the Company's registration of its Common Stock under Section 12(g) of the Securities Exchange Act of 1934, as amended.
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(2)
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Pursuant to the Company's 2015 Stock Incentive Plan, on November 15, 2015, Ms. Barron was awarded options to purchase up to 500,000 shares of the Company's Common Stock according to the following vesting schedule: (i) options to purchase 200,000 shares at an exercise price of $0.60 per share vested on 11/15/2015; (ii) options to purchase 150,000 shares at an exercise price of $1.20 per share vested on 11/15/2016; and (iii) options to purchase 150,000 shares at an exercise price of $1.80 per share will vest on 11/15/2017.
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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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BARRON PATRICIA ANN
C/O SQL TECHNOLOGIES CORP.
4400 NORTH POINT PARKWAY, SUITE 154
ALPHARETTA, GA 30022
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Chief Operations Officer
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Signatures
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/s/ Patricia Ann Barron
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4/27/2017
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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 5(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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