Home > Insider Trading > Filing (0001685883-17-000002)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1598981	Sql Technologies Corp.	SQFL	Electric Lighting & Wiring Equipment (3640)	463645414

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1685883	J Mark Wells	1219 West 67Th Street Cleveland OH 44102	President	No	Yes	No	No

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, No Par Value	Acquisiton	2016-09-01	150,000	$2.70	250,000	No	4	P	Direct
Common Stock, No Par Value	Acquisiton	2016-09-01	1,145,000	$0.00	1,395,000	No	4	A	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	A	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, No Par Value	Warrant	Acquisiton	2016-09-01	750,000	$0.00	750,000	$3.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
750,000	2017-01-01	2022-01-01	No	4	A	Direct

Footnotes

As part of Mr. Wells' Executive Employment Agreement, as disclosed on the Company's Form 8-K dated November 8, 2016, Mr. Wells purchased 150,000 shares of the Company's common stock at $2.70 per share. Mr. Wells was then issued a warrant to purchase 750,000 shares of the Company's common stock at an exercise price of $3.00 per share.
Pursuant to the Executive Employment Agreement, Mr. Wells was granted 120,000 shares of common stock as a sign-on bonus, and such shares vest on January 1, 2018. Alsopursuant to the Executive Employment Agreement, Mr. Wells was granted 1,025,000 shares of common stock as additional compensation, and such shares vest on January 1, 2019.