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