Statement of Ownership (sc 13g)
April 05 2018 - 5:21PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13D-1(b), (c) AND (d)
AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13d-2
AgEagle
Aerial Systems Inc.
(Name of Issuer)
Common
Stock
(Title of Class of Securities)
00848K
101
(CUSIP Number)
March
26, 2018
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
☐ Rule 13d-1 (b)
☐ Rule 13d-1 (c)
☒ Rule 13d-1 (d)
* The remainder of this cover page shall be filled out for a reporting
person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall
not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
1
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NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
GreenBlock Capital, LLC
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ☐
(b)
☐
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3
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SEC
USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
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5
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SOLE VOTING POWER
1,035,277(1)
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
1,035,277(1)
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,035,277 (1)
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10
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CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.9% (2)
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12
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TYPE OF REPORTING PERSON
OO
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(1) Includes options to purchase 188,705 shares of common
stock.
(2) Based
on 9,886,305 shares of common stock outstanding as reported in AgEagle Aerial System Inc.’s (formerly EnerJex Resources,
Inc.) Current Report on Form 8-K filed with the Securities and Exchange Commission on March 28, 2018.
The Reporting Person
entered into an agreement with the issuer that includes a beneficial ownership limitation preventing exercise of the options (plus
the number of common shares of the issuer held by the Reporting Person) into more than 9.9% of the number of shares of common
stock of the issuer outstanding immediately prior to giving effect to the issuance of the shares of common stock upon exercise
of the options.
Item 1.
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(a)
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Name of Issuer:
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AgEagle Aerial Systems Inc.(the “Issuer”)
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(b)
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Address of Issuer’s Principal Executive Offices:
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117 S. 4th Street, Neodesha, Kansas 66757
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Item 2.
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(a)
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Name of Person Filing:
GreenBlock
Capital, LLC
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(b)
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Address of Principal Business Office or if none,
Residence:
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420 Royal Palm Way #100
Palm Beach,
FL 33480
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(c)
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Citizenship:
United
States
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(d)
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Title of Class of Securities:
Common
stock, par value $.001 per share (“Common Stock”)
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(e)
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CUSIP Number:
00848K
101
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Item 3.
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Not Applicable
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Item 4.
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Ownership.
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(a)
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Amount Beneficially Owned:
As of the date
hereof, the Reporting Person beneficially owns 1,035,277 shares of Common Stock, which includes options to purchase 188,705
shares of Common Stock.
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(b)
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Percent of Class:
9.9%. The percentage is calculated
based on 9,886,305 shares of Common Stock outstanding as reported in AgEagle Aerial System Inc.’s (formerly EnerJex Resources,
Inc.) Current Report on Form 8-K filed with the Securities and Exchange Commission on March 28, 2018. The Reporting Person entered
into an agreement with the Issuer that includes a beneficial ownership limitation preventing exercise of the options (plus the
number of common shares of the Issuer held by the Reporting Person) into more than 9.9% of the number of shares of Common Stock
outstanding immediately prior to giving effect to the issuance of the shares of Common Stock upon exercise of the options.
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(c)
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Number of shares as to which such person has:
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(i)
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sole power to vote or to direct
the vote:
1,035,277 (includes options to purchase 188,705 shares of Common Stock)
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(ii)
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shared power to vote or to direct the vote:
-0-
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(iii)
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sole power to dispose or to direct the disposition
of:
1,035,277 (includes options topurchase 188,705 shares of Common Stock)
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(iv)
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shared power to dispose or to direct the disposition
of:
-0-
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Item 5.
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Ownership of Five Percent or Less of
a Class:
Not Applicable
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Item 6.
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Ownership of More than Five Percent
on Behalf of Another Person:
Not Applicable
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Item 7.
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Identification and Classification of
Subsidiary Which Acquired the Securities:
Not Applicable
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Item 8.
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Identification and Classification of
Members of the Group:
Not Applicable
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Item 9.
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Notice of Dissolution of Group:
Not
Applicable
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Item 10.
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Certifications:
Not
Applicable
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SIGNATURE
After reasonable inquiry and to the best of
my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
April 5,
2018
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GREENBLOCK
CAPITAL, LLC
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By:
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/s/
Chris Spencer
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Name:
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Chris Spencer
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Title:
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Partner
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