UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
12% Senior Secured Convertible Note | 06/07/2013 | 06/08/2015 | Common Stock | 11,657,143 (2) | $ 0.035 | I | By Pressure Drop Holdings, LLC |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Hunt Robert E C/O GROWLIFE 20301 VENTURA BLVD SUITE 126 WOODLAND HILLS, CA 91364 |
 |  |  Executive Vice President |  |
/s/ Robert E. Hunt | 06/17/2013 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | The reporting person is the holder of a majority of the outstanding membership interests of Pressure Drop Holdings, LLC, and in such capacity has voting and investment control over the securities, and therefore may be deemed a beneficial owner of these securities. The reporting person disclaims beneficial ownership of the securities held indirectly, except to the extent of his pecuniary interest therein. |
(2) | On June 7, 2013, GrowLife, Inc. issued Pressure Drop Holdings, LLC a 12% Senior Secured Convertible Note (the "Note") in the original principal amount of $408,000 bearing interest at the rate of 12% per annum, due on June 8, 2015. At any time after June 7, 2013, the Note may be converted into shares of common stock at a price of $0.035 per share, subject to certain anti-dilution protection. The number of shares set forth in the table includes the 11,657,143 shares issuable upon the conversion of the principal amount of the Note. It does not include the variable amount of shares issuable upon conversion of the interest accrued on the Note. |