SKYX Platforms Corp. — Director's Dealing 2017

Mar 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SQL Technologies Corp. (SQFL)
CIK: 0001598981
Period of Report: 2015-11-15

Reporting Person: Kohen Ran Roland (Director, Executive Chairman, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-01	Common Stock, no par value	A	1140000	—	Acquired	9143969	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-09-01	Options	$3	A	1500000	Acquired		Common Stock, no par value (1500000)	Indirect
2016-09-01	Options	$4	A	1500000	Acquired		Common Stock, no par value (1500000)	Indirect
2016-09-01	Options	$5	A	1000000	Acquired		Common Stock, no par value (1000000)	Indirect
2015-11-15	Options	$0.6	A	1000000	Acquired	2025-11-15	Common Stock, no par value (1000000)	Indirect

Footnotes

F1: Pursuant to the Chairman Agreement between the Company and Mr. Kohen, dated September 1, 2016, and disclosed on the Company's Form 8-K filed on November 8, 2016, Mr. Kohen was granted 1,140,000 unvested shares of the Company's common stock. The shares shall vest as follows: (i) 1,020,000 shares on January 1, 2019 and (ii) 120,000 shares on January 1, 2020.

F2: The shares of common stock and options reported herein are directly beneficially owned by KRNB Holidings LLC. Mr. Kohen is the manager of KRNB Holdings LLC, having sole voting power and control over the shares of common stock reported herein, and thus may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934) the shares that KRNB Holdings LLC owns.

F3: Pursuant to the Chairman Agreement, Mr. Kohen was granted unvested options to purchase 4,000,000 shares of the Company's common stock. Options to purchase 500,000 shares of the Company's common stock at an exercise price of $3.00 per share will vest upon the Company reaching each of the following market capitalizations: (i) $300,000,000, (ii) $500,000,000, and (iii) $750,000,000. Options to purchase 500,000 shares of the Company's common stock at an exercise price of $4.00 per share will vest upon the Company reaching each of the following market capitalizations: (i) $1,000,000,000, (ii) $1,500,000,000, and (iii) $2,000,000,000. Options to purchase 500,000 shares of the Company's common stock at an exercise price of $5.00 per share will vest upon the Company reaching each of the following market capitalizations: (i) $2,500,000,000 and (ii) $3,000,000,000.

F4: Pursuant to the Company's 2015 Stock Incentive Plan, on November 15, 2015, Mr. Kohen was awarded options to purchase up to 1,000,000 shares of the Company's stock at an exercise price of $0.60 per share, of which 400,000 vested immediately, 300,000 vested on November 15, 2016 and the remaining 300,000 will vest on November 15, 2017. The options expire 10 years from the date of grant.