Sec Form 4 Filing - Schorr Steven M @ KonaRed Corp - 2015-03-02

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
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1. Name and Address of Reporting Person
Schorr Steven M
2. Issuer Name and Ticker or Trading Symbol
KonaRed Corp [ OB:KRED]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
2829 ALA KALANIKAUMAKA STREET, SUITE F-133
3. Date of Earliest Transaction (MM/DD/YY)
03/02/2015
(Street)
KOLOA, HI96756
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 Shares - control 03/02/2015 J( 1 ) 562,868 ( 2 ) A $ 0.001 ( 1 ) 7,634,647 ( 1 ) ( 2 ) 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
Call options to purchase restricted common shares $ 0.17 12/19/2014 A 1,000,000 12/19/2014 12/19/2019 Restricted common shares 1,000,000 $ 0.17 1,000,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Schorr Steven M
2829 ALA KALANIKAUMAKA STREET
SUITE F-133
KOLOA, HI96756
X X
Signatures
/s/ Steven Schorr 03/17/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On October 4, 2013 KonaRed Corporation ('KRED') acquired the assets of Sandwich Isles Trading Co, Inc. ('SITC') in a share exchange wherein Mr. Schorr personally received 7,054,362 shares in the initial shares distribution. On March 2, 2015 there was a second (and final) distribution of KRED shares to the former shareholders of SITC related to the share exchange wherein Mr. Schorr received 562,868 additional shares, which are the subject of this Form 4 filing. The acquisition price shown is the average price paid by Mr. Schorr as a founder after taking into account the share exchange. The exchanged shares were registered in a Form S-1 which became Effective December 19, 2014 and are unrestricted.
( 2 )Mr. Schorr also holds 17,417 shares which he received via a Form S-8 distribution on May 27, 2014.

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