SEC Form 4 filed by Executive Chairman Campbell Gregor Alasdair
$SPGC
Recreational Games/Products/Toys
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Sacks Parente Golf, Inc. [ SPGC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/27/2023 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Options to Purchase Common Stock | $0.534 | 07/18/2024 | A | 400,000 | 07/18/2024(1) | 07/18/2031 | Common | 400,000 | $0(1) | 400,000 | D | ||||
| Options to Purchase Common Stock | $0.672 | 12/22/2023 | A | 48,000 | 12/22/2023(2) | 12/26/2030 | Common | 48,000 | $0(2) | 48,000 | D | ||||
| Options to Purchase Common Stock | $0.689 | 11/27/2023 | A | 230,000 | 11/27/2023(3) | 11/27/2028 | Common | 230,000 | $0(3) | 230,000 | D | ||||
| Options to Purchase Common Stock | $1 | 04/26/2022 | 04/25/2027 | Common | 48,000 | 48,000 | D | ||||||||
| Explanation of Responses: |
| 1. On July 18, 2024, the reporting person was granted options to purchase an aggregate of 400,000 shares vesting monthly over 36 months, commencing on July 18 2024 at an exercise price of $0.5340 per share. The term of the options is the earlier of the seventh anniversary of the date of grant, or six months from the reporting person's separation date. |
| 2. On December 22, 2023, the reporting person was granted options to purchase an aggregate of 48,000 shares vesting monthly over a three-year period commencing December 22, 2023 at an exercise price of $0.6720 per share. |
| 3. In connection with the reporting person's appointment as Executive Chairman of the Company's Board of Directors, on November 27, 2023, he was granted options to purchase an aggregate of 230,000 shares vesting monthly over a three-year period commencing November 27, 2023 at an exercise price of $0.6890 per share, |
| /s/Gregor Campbell | 07/26/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||