0001493152-20-003020.txt : 20200226 0001493152-20-003020.hdr.sgml : 20200226 20200226180511 ACCESSION NUMBER: 0001493152-20-003020 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200128 FILED AS OF DATE: 20200226 DATE AS OF CHANGE: 20200226 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Garofalo Frank J CENTRAL INDEX KEY: 0001698160 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38015 FILM NUMBER: 20657621 MAIL ADDRESS: STREET 1: 3900 PASEO DEL SOL CITY: SANTA FE STATE: NM ZIP: 87507 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: SIGMA LABS, INC. CENTRAL INDEX KEY: 0000788611 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS MANUFACTURING INDUSTRIES [3990] IRS NUMBER: 820404220 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3900 PASEO DEL SOL CITY: SANTE FE STATE: NM ZIP: 87507 BUSINESS PHONE: (505) 438-2576 MAIL ADDRESS: STREET 1: 3900 PASEO DEL SOL CITY: SANTE FE STATE: NM ZIP: 87507 FORMER COMPANY: FORMER CONFORMED NAME: FRAMEWAVES INC DATE OF NAME CHANGE: 20010130 FORMER COMPANY: FORMER CONFORMED NAME: MESSIDOR LTD DATE OF NAME CHANGE: 20010122 4 1 ownership.xml X0306 4 2020-01-28 1 0000788611 SIGMA LABS, INC. SGLB 0001698160 Garofalo Frank J 3900 PASEO DEL SOL SANTA FE NM 87507 0 0 0 1 Former Director Series E Preferred Stock 1.03 2020-01-28 4 A 0 16.67 1500.00 A 2020-01-28 Common Stock 31756 16.67 D Warrants to Purchase Common Stock 1.13 2020-01-28 4 A 0 24272 0.00 A 2020-07-29 2025-07-28 Common Stock 24272 24272 D Pursuant to a Securities Purchase Agreement between the Company and the Reporting Person, the Reporting Person purchased 16.67 shares of the Company's Series E Preferred Stock (the "Preferred Shares") and warrants to purchase 24,272 shares of the Company's Common Stock for an aggregate purchase price of $25,000 or $1,500 per Preferred Share (the "Stated Value"). Dividends accrue on a monthly basis of 9% per annum and shall increase the Stated Value. The holder shall have the right to convert the Preferred Shares into common shares at a conversion rate determined by dividing the Conversion Amount by $1.03. The Conversion Amount is the sum of the Stated Value (including as a result of accrued dividends) plus the amount of any dividend that, but for the conversion, would have accrued at the dividend rate for the three year period commencing January 28, 2020. The Preferred Shares have no expiration date. Represents the maximum amount of common shares issuable upon conversion as described in footnote 1. /s/ Frank J. Garofalo 2020-02-26