Filing Details

Accession Number:
0001493152-22-013441
Form Type:
4
Zero Holdings:
No
Publication Time:
2022-05-16 06:07:17
Reporting Period:
2022-05-12
Accepted Time:
2022-05-16 06:07:17
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1598981 Sql Technologies Corp. SKYX Electric Lighting & Wiring Equipment (3640) 463645414
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1630761 Dov Shiff C/O Sql Technologies Corp.
2855 W. Mcnab Road
Pompano Beach FL 33069
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, No Par Value Acquisiton 2022-05-12 10,824 $4.77 3,871,109 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, No Par Value 235,712 Indirect By Shiff Group Assets
Common Stock, No Par Value 10,779,618 Indirect By Shiff Group
Common Stock, No Par Value 40,000 Indirect By Spouse
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock, No Par Value Stock Option (right to buy) $3.00 2018-01-01 2023-01-01 25,000 25,000 Direct
Common Stock, No Par Value Stock Option (right to buy) $3.00 2019-01-01 2024-01-01 25,000 25,000 Direct
Common Stock, No Par Value Stock Option (right to buy) $12.00 2020-01-01 2025-01-01 25,000 25,000 Direct
Common Stock, No Par Value Stock Option (right to buy) $12.00 2020-12-31 2025-12-31 25,000 25,000 Direct
Common Stock, No Par Value Stock Option (right to buy) $12.00 2021-12-31 2026-12-31 25,000 25,000 Direct
Common Stock, No Par Value Stock Option (right to buy) $12.34 2022-03-31 2027-03-11 5,000 5,000 Direct
Common Stock, No Par Value 6.0% Subordinated Convertible Promissory Note $15.00 2023-11-03 0 0 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2023-01-01 25,000 25,000 Direct
2024-01-01 25,000 25,000 Direct
2025-01-01 25,000 25,000 Direct
2025-12-31 25,000 25,000 Direct
2026-12-31 25,000 25,000 Direct
2027-03-11 5,000 5,000 Direct
2023-11-03 0 0 Indirect
Footnotes
  1. These securities are owned by Shiff Group Investments Ltd., of which the reporting person is an owner and the President and Chief Executive Officer.
  2. The securities are owned by Shiff Group Assets Ltd., of which the reporting person is a controlling person.
  3. 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.
  4. 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.
  5. Options vest in twelve equal monthly installments, beginning on the last day of the month in which the options were granted.
  6. The price reported represents a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.57 and $4.97 per share. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.