0001634483-17-000002.txt : 20170331
0001634483-17-000002.hdr.sgml : 20170331
20170331112719
ACCESSION NUMBER: 0001634483-17-000002
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151115
FILED AS OF DATE: 20170331
DATE AS OF CHANGE: 20170331
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SQL Technologies Corp.
CENTRAL INDEX KEY: 0001598981
STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC LIGHTING & WIRING EQUIPMENT [3640]
IRS NUMBER: 463645414
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4400 NORTH POINT PARKWAY
STREET 2: SUITE 154
CITY: ALPHARETTA
STATE: GA
ZIP: 30022
BUSINESS PHONE: 770-754-4711
MAIL ADDRESS:
STREET 1: 4400 NORTH POINT PARKWAY
STREET 2: SUITE 154
CITY: ALPHARETTA
STATE: GA
ZIP: 30022
FORMER COMPANY:
FORMER CONFORMED NAME: Safety Quick Lighting & Fans Corp.
DATE OF NAME CHANGE: 20140203
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Kohen Ran Roland
CENTRAL INDEX KEY: 0001634483
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-55416
FILM NUMBER: 17728772
MAIL ADDRESS:
STREET 1: 20735 NE 32 PL
CITY: AVENTURA
STATE: FL
ZIP: 33180
4
1
primary_doc.xml
PRIMARY DOCUMENT
X0306
4
2015-11-15
0
0001598981
SQL Technologies Corp.
SQFL
0001634483
Kohen Ran Roland
C/O SAFETY QUICK LIGHTING & FANS CORP.
4400 NORTH POINT PARKWAY, SUITE 154
ALPHARETTA
GA
30022
1
1
1
0
Executive Chairman
Common Stock, no par value
2016-09-01
4
A
0
1140000
A
9143969
I
By KRNB Holdings LLC
Options
3
2016-09-01
4
A
0
1500000
A
Common Stock, no par value
1500000
1500000
I
By KRNB Holdings LLC
Options
4
2016-09-01
4
A
0
1500000
A
Common Stock, no par value
1500000
1500000
I
By KRNB Holdings LLC
Options
5
2016-09-01
4
A
0
1000000
A
Common Stock, no par value
1000000
1000000
I
By KRNB Holdings LLC
Options
0.6
2015-11-15
4
A
0
1000000
A
2015-11-15
2025-11-15
Common Stock, no par value
1000000
1000000
I
By KRNB Holdings LLC
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.
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.
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.
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.
/s/ Ran Roland Kohen
2017-03-31