Initial Statement of Beneficial Ownership (3)
January 24 2022 - 01:50PM
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
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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 * Rutenis Paul |
2. Date of Event Requiring Statement
(MM/DD/YYYY)
6/21/2021
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3. Issuer Name and Ticker or Trading
Symbol GrowGeneration Corp. [GRWG] |
(Last)
(First)
(Middle)
SUITE 900, 5619 DTC PARKWAY |
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
___X___ Officer (give title
below) _____
Other (specify below)
Chief Merchandise Officer / |
(Street)
GREENWOOD
VILLAGE, CO 80111
(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)_X_ Form filed by One Reporting
Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Beneficially
Owned
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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) |
Common Stock |
102720 (1) |
D |
|
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) |
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 |
Explanation of
Responses: |
(1) |
Includes: (i) 4,387 shares
of the Issuer's common stock issued on December 21, 2021 (out of
6,666 shares vested on such date, 2,279 shares were withheld by the
Issuer to satisfy the tax withholding obligation applicable to the
vested shares), pursuant to the Reporting Person's employment
agreement (the "Employment Agreement"); (ii) a total of 33,333
unvested shares of common stock, with the following vesting
schedule pursuant to the Employment Agreement: 6,666 shares on June
21, 2022, 6,667 shares on December 21, 2022, 6,667 shares on June
21, 2023, 6,667 shares on December 21, 2023, and 6,667 shares on
June 21, 2024; and (iii) a total of 65,000 Restricted Stock Units
("RSUs") subject to the following vesting schedule: 16,250 RSUs as
of December 15, 2022, 16,250 RSUs as of December 15, 2023, 16,250
RSUs as of December 15, 2024, and 16,250 RSUs as of December 15,
2025. All above-mentioned shares and RSUs of the Reporting Person
are granted under the Amended and Restated 2018 Equity Incentive
Plan of the Issuer. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Rutenis Paul
SUITE 900, 5619 DTC PARKWAY
GREENWOOD VILLAGE, CO 80111 |
|
|
Chief Merchandise Officer |
|
Signatures
|
/s/ Paul Rutenis |
|
1/24/2022 |
**Signature of
Reporting Person |
Date |
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