Filing Details

Accession Number:
0001548026-14-000004
Form Type:
4
Zero Holdings:
No
Publication Time:
2014-10-16 12:22:35
Reporting Period:
2014-10-13
Filing Date:
2014-10-16
Accepted Time:
2014-10-16 12:22:35
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1161582 Growlife Inc. PHOT Glass Products, Made Of Purchased Glass (3231) 900821083
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1548026 C. Sterling Scott 2315 Georgia Village Way
Silver Spring MD 20902
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2014-10-13 598,981 $0.05 49,987,950 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Footnotes
  1. Excludes the Note, the Jordan Note, and the Andrew Note (as defined below). On 09-10-2014, Sterling Scott ("Sterling") sold his entire interest in that certain 6% Senior Secured Convertible Note ("Note") to Jordan Wedam Scott ("Jordan") and Andrew J. Gentile ("Andrew") in a private transaction for $413,680, which Note was originally issued by GrowLife, Inc. ("Company") to Sterling on 04-05-2012. As of 09-10-2014, the Note and all accrued and unpaid interest on the Note was convertible into 68,247,565 shares of Company common stock. Jordan is Sterling's independent adult son.
  2. As a result of that sale, the Note was split up so that in its place the Company issued to (i) Jordan a new 6% Senior Secured Convertible Note in the principal amount of $263,680 with the original issue date of 03-16-2013, amended 09-10-2014 ("Jordan Note"), and (ii) Andrew a new 6% Senior Secured Convertible Note in the principal amount of $150,000 with the original issue date of 03-16-2013, amended 09-10-2014 ("Andrew Note"). As a result of that transaction, Sterling holds -0- derivate securities in the Company.
  3. Following the transaction, Sterling Scott still beneficially owns 49,987,950 shares of common stock, of which Sterling Scott's wife owns 2,987,432 shares, representing 5.3% of the outstanding stock of the Company.