Filing Details

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

SCHEDULE 13D

 

Under the Securities Exchange Act of 1934

(Amendment No. ________)*

 

 

Diego Pellicer Worldwide, Inc.

__________________________________________________________________________________

(Name of Issuer)

 

 

Common Stock, par value $0.000001 per share

__________________________________________________________________________________

(Title of Class of Securities)

 

25367R 203 

________________________________________________________________________

(CUSIP Number)

 

Nello Gonfiantini, III

6160 Plumas Street, Suite 100

Reno, Nevada 89519

__________________________________________________________________________________

(Name, Address and Telephone Number of Person Authorized to

Receive Notices and Communications)

 

 

December 31, 2019

__________________________________________________________________________________

(Date of Event which Requires Filing of this Statement)

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule.13d-7 for other parties to whom copies are to be sent.

 

* 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 disclosures provided in a prior cover page.

 

The information required on 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).

 

 

 

CUSIP No. 24367R 203
1.  Names of Reporting Persons.
Lago Blue Holdings, LLC
2.  Check the Appropriate Box if a Member of a Group
(a) ☐ (b) ☐
3.  SEC Use Only
4.  Source of Funds
OO
5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.  Citizenship or Place of Organization
Nevada
Number of Shares    Beneficially    Owned by    Each Reporting    Person With:	7.  Sole Voting Power
	522,570
	8.  Shared Voting Power
	0
	9.  Sole Dispositive Power
	522,570
	10.  Shared Dispositive Power
	0
11.  Aggregate Amount Beneficially Owned by Each Reporting Person   522,570
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13.  Percent of Class Represented by Amount in Row (11)
.005%
14.  Type of Reporting Person
OO

 

 

 

CUSIP No. 24367R 203
1.  Names of Reporting Persons.
Nello Gonfiantini, III
2.  Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐
3.  SEC Use Only
4.  Source of Funds
OO
5.  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) ☐
6.  Citizenship or Place of Organization
United States of America
Number of Shares    Beneficially    Owned by    Each Reporting    Person With:	7.  Sole Voting Power
	9,928,849
	8.  Shared Voting Power
	0
	9.  Sole Dispositive Power
	9,928,849
	10.  Shared Dispositive Power
	0
11.  Aggregate Amount Beneficially Owned by Each Reporting Person   9,928,849
12.  Check if the Aggregate Amount in Row (11) Excludes Certain Shares ☐
13.  Percent of Class Represented by Amount in Row (11)
8.72%
14.  Type of Reporting Person
IN

 

 

 

EXPLANATORY NOTE

This Schedule 13D is being filed jointly by (i) Nello Gonfiantini, III, the chief executive officer of Diego Pellicer Worldwide, Inc. (the “Issuer”) and as the founder and majority equity holder of Lago Blue Holdings, LLC, a Nevada limited liability company (“Lago Blue,” and together with Mr. Gonfiantini, the “Reporting Persons”).

Item 5. Interest in Securities of the Issuer.

(a)-(b) Beneficial ownership percentage is based upon 113,926,332 shares of Common Stock of the Issuer, issued and outstanding as of December 31, 2019, based on information received from the Issuer. Mr. Gonfiantini is the founder and majority equity holder of Lago Blue.

As of December 31, 2019, Mr. Gonfiantini has a direct interest in 9,928,849 restricted shares of Common Stock that as reported in this Schedule 13D (the “Restricted Shares”), issued to him pursuant to his employment agreements. As of December 31, 2019, Mr. Gonfiantini held an indirect interest in 522,570 shares of restricted Common Stock held by Lago Blue.

As a result of the foregoing, for purposes of Reg. Section 240.13d-3, Mr. Gonfiantini may be deemed to beneficially own 9,928,849 Restricted Shares for an aggregate beneficial ownership percentage of approximately 8.72% of the shares of Common Stock deemed to be issued and outstanding as of December 31, 2019. Mr. Gonfiantini disclaims beneficial ownership of the 522,570 shares of Common Stock held directly by Lago Blue except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that any such person is the beneficial owner of these securities for purposes of Section 16 of the U.S. Securities Exchange Act of 1934, as amended, or for any other purpose.

As of December 31, 2019, for purposes of Reg. Section 240.13d-3, Lago Blue may be deemed to beneficially own 522,570 Restricted Shares, for a beneficial ownership percentage of approximately .005% of the shares of Common Stock deemed to be issued and outstanding as of December 31, 2019. Lago Blue disclaims beneficial ownership of any shares of Common Stock held directly by Mr. Gonfiantini.

 

ITEM 1. SECURITY AND ISSUER

 

This Schedule 13D is being filed to report the beneficial ownership of shares of common stock, $0.00001 par value per share (the “Shares”), of Diego Pellicer Worldwide, Inc. (the “Issuer”). The address of the principal executive offices of the Issuer is 6160 Plumas Street, Suite 100, Reno, Nevada 89519.

 

ITEM 2. IDENTITY AND BACKGROUND

 

(a)	This Schedule 13D is being filed by Nello Gonfiatini, III and Lago Blue Holdings, LLC, A Nevada limited liability in which Mr. Gonfiantini has investment and voting control.

 

(b)	The principal business address of Mr. Gonfiantni and Lago Blue Holdings, Inc. is 6160 Plumas Street, Suite 100, Reno, Nevada 89519

 

(c)	Mr. Gonfiantini’s principle occupation is Chairman and CEO of Diego Pellicer Worldwide, Inc., Inc.

 

(d)	Mr. Gonfiantini, a citizen of the United States of America, has not been, during the past five years, convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

(e)

Mr. Gonfiatini has not been, during the past five years, party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which proceeding is or was subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.

 

 

 

 

ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

 

The acquisition of the Shares reported on this Schedule 13D were issued to Mr. Gonfiantini in the form of stock grants pursuant to his Employment Agreements.

 

ITEM 4. PURPOSE OF TRANSACTION

 

Mr. Gonfiantini acquired the Shares reported herein for investment purposes pursuant to his Employment Agreements. Mr. Gonfiantini transferred all of his Shares to Lago Blue Holdings, LLC, a Nevada limited liability company in which he has investment and voting control. Other than as may have arisen in his capacity as a director and chief executive officer of the Issuer, Mr. Gonfiatini has no plans or proposals that relate to, or would result in, any of the matters listed in Item 4(a)-(j) of Schedule 13D.

 

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER

 

(a)-(b) The information set forth in rows 7 through 13 of the cover page to this Schedule 13D is incorporated by reference. The percentage set forth in row 13 is based on 113,926,332 outstanding Shares as of December 31, 2019.

 

(c) The following table sets forth the only transaction with respect to Shares effected during the past sixty days by Mr. Gonfiantini/Blue Lago Holdigs, LLC. Such transaction was solely the result of issuing such shares pursuant to Mr. Gonfiantini’s Employment Agreements. 

 

Date of Transaction	Amount of Securities	Weighted Average Price per Share	Type
12/30/2019	8,333,097		Stock Grant pursuant to Employment Agreement

 

 

(d) Not applicable.

 

(e) Not applicable

 

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER

 

Mr. Gonfiantini transferred all of his Shares to Lago Blue Holdings, LLC, a Nevada limited liability company in which Mr. Gonfiantini has investment and voting control. There are no contracts, arrangements, understandings or relationships (legal or otherwise) between Mr. Gonfiatini and Lago Blue, including with any other person, with respect to the Shares, including but not limited to transfer or voting rights of any of the Shares, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or giving or withholding of proxies. No of the Shares are subject to any pledge or otherwise subject to a contingency the occurrence of which would give another person voting or investment power over the Shares

 

ITEM 7. MATERIAL TO BE FILED AS EXHIBITS

 

None.

 

 

 

 

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 15, 2020
LAGO BLUE HOLDINGS, LLC
By:	/s/ Nello Gonfiantini III
Name:	Nello Gonfiantini, Managing Member

 

NELLO GONFIANTINI III

 

/s/ Nello Gonfiantini

Nello Gonfiantini