Sec Form 3 Filing - Beabout J. Steven @ SOBR Safe, Inc. - 2020-08-06

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Beabout J. Steven
2. Issuer Name and Ticker or Trading Symbol
SOBR Safe, Inc. [ SOBR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
885 ARAPAHOE ROAD
3. Date of Earliest Transaction (MM/DD/YY)
08/06/2020
(Street)
BOULDER, CO80302
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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
Common Stock 25,482 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Promissory Note $ 2.5 06/08/2020 ( 1 ) Common Stock 120,000 ( 2 ) I Sky Startups, L LC
Convertible Promissory Note $ 0.5 06/08/2020 ( 1 ) Common Stock 122,634 I Siena Properties, LLC
8% Series A-1 Preferred Stock ( 4 ) 09/08/2020 ( 3 ) Common Stock 118,909 ( 4 ) I Siena Properties, LLC / SOBR Safe, LLC ( 5 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Beabout J. Steven
885 ARAPAHOE ROAD
BOULDER, CO80302
X
Signatures
/a/ Steven Beabout 12/31/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The promissory note does not expire.
( 2 )The Reporting Person owns 94.242% of Sky Startups, LLC. Sky Startups, LLC can convert its promissory note into 120,000 shares of the Issuer's common stock. The entire amount of shares that could be issued to Sky Startups, LLC is listed on this Form 3.
( 3 )The 8% Series A-1 Convertible Preferred Stock does not have an expiration date.
( 4 )The number of shares is variable based on the average closing price of the Issuer's common stock. The 118,909 shares is estimated based on the closing stock price of $2.75 on December 18, 2020.
( 5 )Siena Properties, LLC, an entity owned by the Reporting Person, owns 5% of SOBR Safe, LLC, which owns the 8% Series A-1 Convertible Preferred Stock of the Issuer. The number of shares shown on the Form 3 is only the estimated number of shares of the Issuer's common stock Siena Properties, LLC would be entitled to upon conversion of the 8% Series A-1 Convertible Preferred Stock.

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.