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SKYX Platforms Corp. — Director's Dealing 2022
Feb 10, 2022
33953_dirs_2022-02-09_78c12613-51e1-4f61-90ef-a0fc95909e1c.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: SQL Technologies Corp. (SKYX)
CIK: 0001598981
Period of Report: 2022-02-09
Reporting Person: Shiff Dov (Director, 10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, no par value | 1255000 | Direct |
| Common Stock, no par value | 10779618 | Indirect |
| Common Stock, no par value | 40000 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (right to buy) | $3.00 | 2023-01-01 | Common Stock, no par value (25000) | Direct | |
| Stock Option (right to buy) | $3.00 | 2024-01-01 | Common Stock, no par value (25000) | Direct | |
| Stock Option (right to buy) | $12.00 | 2025-01-01 | Common Stock, no par value (25000) | Direct | |
| Stock Option (right to buy) | $12.00 | 2025-12-31 | Common Stock, no par value (25000) | Direct | |
| Stock Option (right to buy) | $12.00 | 2026-12-31 | Common Stock, no par value (25000) | Direct | |
| Series A Convertible Preferred Stock | $ | Common Stock, no par value (2600000) | Indirect | ||
| 6.0% Subordinated Convertible Promissory Note | $15.00 | 2023-11-03 | Common Stock, no par value () | Indirect |
Footnotes
F1: These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
F2: The Series A Convertible Preferred Stock is convertible at any time, at the holder's election, on a one-for-one basis, and has no expiration date. In connection with the consummation of the issuer's initial public offering, Shiff Group Investments Ltd. has elected to convert all shares of Series A Convertible Preferred Stock held by it into shares of common stock.
F3: 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.
F4: 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.