Filing Details

 

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

 

(Amendment No._3_)^* 

 

Sigma Labs, Inc.

(Name of Issuer)

 

Common Stock, $0.001 par value

(Title of Class of Securities)

 

826598302

 

(CUSIP Number)

 

December 31, 2019

(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)

 

x   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 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).

 

 

 

CUSIP No. 826598302

13G

Page 2

 

1	NAME OF REPORTING PERSONS   Carl I. Schwartz
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)	(a) ¨ (b) ¨
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION   U.S.A.

 

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	5	SOLE VOTING POWER   2,400,000
	6	SHARED VOTING POWER   0
	7	SOLE DISPOSITIVE POWER   2,400,000
	8	SHARED DISPOSITIVE POWER   0

 

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON   2,400,000
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)	¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)   17.1%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)   IN

 

 

CUSIP No. 826598302

13G

Page 3

 

Item 1(a). Name of Issuer:

 

Sigma Labs, Inc.

 

Item 1(b). Address of Issuer's Principal Executive Offices:

 

3900 Paseo del Sol, Santa Fe, NM 87507

Item 2(a). Name of Person Filing:

 

Carl I. Schwartz

 

Item 2(b). Address of Principal Business Office, or if none, Residence:

 

3750 Las Vegas Blvd. South

Apt. 4303

Las Vegas, NV 89158

 

Item 2(c). Citizenship:

 

U.S.A.

 

Item 2(d). Title of Class of Securities:

 

Common Stock, $0.001 par value

 

Item 2(e). CUSIP Number:

 

826598302

 

 

Item 3. If This Statement is Filed Pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

 

	(a)	¨    Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
	(b)	¨    Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
	(c)	¨    Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
	(d)	¨    Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
	(e)	¨    An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
	(f)	¨    An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
	(g)	¨    A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
	(h)	¨    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	¨    A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);
	(j)	¨    A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
	(k)	¨    Group, in accordance with ' 240.13d-1(b)(1)(ii)(K).

 

If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: __________________.

 

 

Item 4. Ownership.

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a) Amount beneficially owned:

 

2,400,000 shares of Common Stock (includes 400,000 shares held by Carl I. Schwartz Revocable Family Trust)

 

Note: Beneficial ownership reported in this Schedule 13G does not include warrants to purchase 375,000 shares of Common Stock that the reporting person acquired on or about April 6, 2018. Such warrants may be exercised commencing on or about November 7, 2018 and expire on or about October 7, 2023.

 

Beneficial ownership also does not include warrants to purchase 200,000 shares of Common Stock that the reporting person acquired on May 7, 2019. Such warrants may be exercised commencing on or about November 8, 2019 and expire on November 8, 2024.

 

Both of these warrants include a provision to the effect that the reporting person, with certain exceptions, may not exercise the warrants if after such exercise the reporting person would beneficially own more than 4.99% of the outstanding Common Stock of the Issuer.

 

(b) Percent of class:

 

17.1%

 

(Based upon the Issuer’s Form 10-Q filed on November 14, 2019, the Issuer had 14,037,590 shares outstanding as of November 14, 2019.)

 

 

(c) Number of shares as to which such person has:

 

Carl I. Schwartz has sole voting and dispositive power over 2,400,000 shares of Common Stock.

 

Item 5. Ownership of Five Percent or Less of a Class.

 

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to the beneficial owner of more than 5 percent of the class of securities, check the following:      ¨

 

 

Item 6. Ownership of More Than Five Percent on Behalf of Another Person.

 

N/A

 

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

 

N/A

 

Item 8. Identification and Classification of Members of the Group.

 

N/A

 

Item 9. Notice of Dissolution of Group.

 

N/A

 

Item 10. Certifications.

 

(a) Not applicable

 

(b) Not applicable

 

(c) Not applicable

 

 

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.

 

Dated: February 13, 2020

 

By:		/s/ Carl I. Schwartz
		Carl I. Schwartz