Sec Form 4 Filing - OLSON JEROMY SLADE @ SPORTS FIELD HOLDINGS, INC. - 2016-11-03

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
OLSON JEROMY SLADE
2. Issuer Name and Ticker or Trading Symbol
SPORTS FIELD HOLDINGS, INC. [ SFHI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
1151 GLIDDEN AVENUE
3. Date of Earliest Transaction (MM/DD/YY)
11/03/2016
(Street)
DEKALB, IL60115
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
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
Options to Purchase Common Stock $ 1.5 11/03/2016 A 100,000 ( 1 ) 11/03/2016 11/03/2021 Common Stock 100,000 $ 0 ( 2 ) 350,000 D
Options to Purchase Common Stock $ 1.75 11/03/2016 A 75,000 ( 1 ) 12/31/2016 11/03/2021 Common Stock 75,000 $ 0 ( 2 ) 350,000 D
Options to Purchase Common Stock $ 1.5 11/03/2016 A 100,000 ( 3 ) 11/03/2016 11/03/2021 Common Stock 100,000 $ 0 ( 2 ) 350,000 I By NexPhase Global, LLC
Options to Purchase Common Stock $ 1.75 11/03/2016 A 75,000 ( 3 ) 12/31/2016 11/03/2021 Common Stock 75,000 $ 0 ( 2 ) 350,000 I By NexPhase Global, LLC
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
OLSON JEROMY SLADE
1151 GLIDDEN AVENUE
DEKALB, IL60115
X Chief Executive Officer
Signatures
/s/ Jeromy Olson 11/07/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The options to purchase common stock were issued pursuant to the Employment Agreement entered into between the Issuer and Mr. Olson, effective September 19, 2014 (the "Employment Agreement").On October 4, 2016 the Board approved the Sports Field Holdings 2016 Incentive Stock Plan (the "2016 Plan"). On November 3, 2016, the Board, pursuant to the Employment Agreement, approved the issuance of (i) qualified options to purchase 100,000 shares of the Company's Common Stock at a price of $1.50 vesting immediately with a grant date of November 3, 2016 and (ii) qualified options to purchase 75,000 shares of the Company's Common Stock at a price of $1.75 vesting on December 31, 2016.
( 2 )The options to purchase common stock were issued as consideration for Mr. Olson's work as the Chief Executive Officer of the Issuer and granted pursuant to the Employment Agreement in accordance with the Company 2016 Plan.
( 3 )The options to purchase common stock were issued pursuant to a Representative Agreement dated March 10, 2014, as amended, to NexPhase Global, LLC an Illinois limited liability company ("NexPhase") to be granted pursuant to a qualified stock option plan. Jeremy Olson owns 50% of NexPhase. On November 3, 2016, the Board, pursuant to the Representative Agreement, approved the issuance of (i) qualified options to purchase 100,000 shares of the Company's Common Stock at a price of $1.50 vesting immediately with a grant date of November 3, 2016 and (ii) qualified options to purchase 75,000 shares of the Company's Common Stock at a price of $1.75 vesting on December 31, 2016.

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