Filing Details
- Accession Number:
- 0001493152-22-016139
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2022-06-08 08:49:22
- Reporting Period:
- 2022-06-06
- Accepted Time:
- 2022-06-08 08:49:22
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1598981 | Sql Technologies Corp. | SKYX | Electric Lighting & Wiring Equipment (3640) | 463645414 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1630761 | Dov Shiff | C/O Sql Technologies Corp. 2855 W. Mcnab Road Pompano Beach FL 33069 | Yes | No | Yes | 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 | 2022-06-06 | 20,000 | $2.72 | 10,817,072 | No | 4 | P | Indirect | By Shiff Group |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | P | Indirect | By Shiff Group |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock, No Par Value | 3,887,590 | Direct | |
Common Stock, No Par Value | 235,712 | Indirect | By Shiff Group Assets |
Common Stock, No Par Value | 40,000 | Indirect | By Spouse |
Reported Derivative Holdings
Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|---|---|---|---|
Common Stock, No Par Value | Stock Option (right to buy) | $3.00 | 2018-01-01 | 2023-01-01 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $3.00 | 2019-01-01 | 2024-01-01 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $12.00 | 2020-01-01 | 2025-01-01 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $12.00 | 2020-12-31 | 2025-12-31 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $12.00 | 2021-12-31 | 2026-12-31 | 25,000 | 25,000 | Direct |
Common Stock, No Par Value | Stock Option (right to buy) | $12.34 | 2022-03-31 | 2027-03-11 | 5,000 | 5,000 | Direct |
Common Stock, No Par Value | 6.0% Subordinated Convertible Promissory Note | $15.00 | 2023-11-03 | 0 | 0 | Indirect |
Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
---|---|---|---|
2023-01-01 | 25,000 | 25,000 | Direct |
2024-01-01 | 25,000 | 25,000 | Direct |
2025-01-01 | 25,000 | 25,000 | Direct |
2025-12-31 | 25,000 | 25,000 | Direct |
2026-12-31 | 25,000 | 25,000 | Direct |
2027-03-11 | 5,000 | 5,000 | Direct |
2023-11-03 | 0 | 0 | Indirect |
Footnotes
- These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
- The securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
- The principal amount, plus any accrued and unpaid interest, is convertible at any time on or prior to the maturity date at the holder's discretion at the conversion price of $15.00.
- Represents the principal amount of the convertible note and excludes interest that may accrue. Interest on the note is payable annually, in cash or common stock, at the holder's discretion.
- Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
- The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.55 and $3.06 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.