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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
6% Senior Secured Convertible Note (1) | (1) | 09/10/2014 | S | $ 413,680 (1) | 04/05/2012 | 04/15/2015 | Common | 68,247,565 | $ 413,680 (1) | 0 (2) (3) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Scott Sterling C. 20301 VENTURA BLVD., SUITE 126 WOODLAND HILLS, CA 91364 |
Former Officer and Director |
/s/ Sterling Scott | 09/12/2014 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | On September 10, 2014, Sterling Scott sold his entire interest in a certain 6% Senior Secured Convertible Note (the "Note") to third party purchasers in a private transaction for $413,680, which Note was originally issued by GrowLife, Inc., a Delaware corporation (formerly known as Phototron Holdings, Inc.) (the "Company") on April 5, 2012 to Mr. Scott. As of September 10, 2014, the Note and all accrued and unpaid interest on the Note is convertible into 68,247,565 shares of common stock of the Company which derivative security is being sold by Mr. Scott in full. |
(2) | Following this transaction, Sterling Scott holds 0 derivative securities in the Company. |
(3) | Following this transaction, Sterling Scott still beneficially owns 54,747,073 shares of common stock, of which Sterling Scott's wife owns 6,079,888, representing approximately 5.8% of the outstanding common stock of the Company. |