Statement of Changes in Beneficial Ownership (4)
January 03 2020 - 4:06PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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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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Keating Timothy J. |
2. Issuer Name and Ticker or Trading Symbol
Surna Inc.
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SRNA
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
8400 EAST CRESCENT PARKWAY, SUITE 600, |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/2/2020 |
(Street)
GREENWOOD VILLAGE, CO 80111
(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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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) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Option to purchase common stock (1) | $0.07 | 1/2/2020 | 1/2/2020 | A | | 2000000 | | 1/2/2020 | 1/2/2030 | Common Stock | 2000000 | (1) | 2000000 | D | |
Option to purchase common stock (2) | $0.07 | 1/2/2020 | 1/2/2020 | A | | 250000 | | 1/2/2020 | 1/2/2030 | Common Stock | 250000 | (2) | 2250000 | D | |
Explanation of Responses: |
(1) | On January 2, 2020, the Issuer's board of directors approved the grant of non-qualified stock options to purchase 2,000,000 shares of common stock at an exercise price of $0.07, the closing price of Issuer's common stock on December 31, 2019, which vested and became exercisable in full immediately upon grant. These options were granted as a 2019 equity award under the Issuer's compensation plan for independent directors. The grant of these options and the issuance of shares of common stock upon exercise thereof are transactions exempt from Section 16(b) of the Exchange Act. |
(2) | On January 2, 2020, the Issuer's board of directors approved the grant of non-qualified stock options to purchase 250,000 shares of common stock at an exercise price of $0.07, the closing price of Issuer's common stock on December 31, 2019, which vested and became exercisable in full immediately upon grant. These options were granted as a 2020 equity award under the Issuer's compensation plan for independent directors. The grant of these options and the issuance of shares of common stock upon exercise thereof are transactions exempt from Section 16(b) of the Exchange Act. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Keating Timothy J. 8400 EAST CRESCENT PARKWAY, SUITE 600, GREENWOOD VILLAGE, CO 80111 | X |
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Signatures
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/s/ Timothy J. Keating | | 1/3/2020 |
**Signature of Reporting Person | Date |