FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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
                      

1. Name and Address of Reporting Person *

Willsey Gregory Thomas

2. Date of Event Requiring Statement (MM/DD/YYYY)
10/24/2017 

3. Issuer Name and Ticker or Trading Symbol

KonaRed Corp [KRED]

(Last)        (First)        (Middle)

101 CALIFORNIA AVE SUITE 401

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

SANTA MONICA, CA 90403       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Series A Preferred Stock   (1)   (2)   (2) Common Stock   56518511   $0.0283   I   By Kona Holdings I LLC   (3)
Series A Preferred Stock   (1)   (2)   (2) Common Stock   21194442   $0.0283   I   By Kona Holdings II LLC   (4)
Warrant (Right to Buy)   (5) 10/24/2017   10/24/2027   Common Stock   18368516   (5)   (5) I   By Kona Holdings I LLC  

Explanation of Responses:
(1)  Each share of Series A Preferred Stock is convertible into 50,000 shares of Common Stock (subject to adjustment under broad-based antidilution protection provisions).
(2)  These securities are convertible at any time and have no expiration date.
(3)  These securities are owned directly by Kona Holdings I LLC. Mr. Willsey is the manager of Kona Holdings I LLC.
(4)  These securities are owned directly by Kona Holdings II LLC. Kona Holdings I LLC has certain contractual rights to control these securities.
(5)  Warrant aggregate exercise price is $250,000 in exchange for a number of shares of the Common Stock equal to 5% of the then outstanding shares of Common Stock, on a fully-diluted basis, determined as of the exercise date. As of October 24, 2017, this would be 18,368,516 shares of Common Stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Willsey Gregory Thomas
101 CALIFORNIA AVE SUITE 401
SANTA MONICA, CA 90403
X X

Kona Holdings I LLC
101 CALIFORNIA AVE SUITE 401
SANTA MONICA, CA 90403

X


Signatures
Gregory Thomas Willsey 11/6/2017
** Signature of Reporting Person Date

Gregory Thomas Willsey, Manager 11/6/2017
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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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