Sec Form 4 Filing - SOKOLOW LEONARD J @ Safety Quick Lighting & Fans Corp. - 2016-01-25

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
SOKOLOW LEONARD J
2. Issuer Name and Ticker or Trading Symbol
Safety Quick Lighting & Fans Corp. [ SQFL]
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)
C/O SAFETY QUICK LIGHTING & FANS CORP., 4400 NORTH POINT PARKWAY, SUITE 154
3. Date of Earliest Transaction (MM/DD/YY)
01/25/2016
(Street)
ALPHARETTA, GA30022
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, NO PAR VALUE ( 1 ) 01/25/2016 A 50,000 A $ 0.6 50,000 D
COMMON STOCK, NO PAR VALUE ( 2 ) 01/25/2016 A 12,000 A $ 1 62,000 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
INCENTIVE STOCK OPTIONS ( 3 ) $ 0.6 01/25/2016 A 150,000 01/25/2016 11/15/2025( 4 ) COMMON STOCK, NO PAR VALUE $ 150,000 $ 0 150,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SOKOLOW LEONARD J
C/O SAFETY QUICK LIGHTING & FANS CORP.
4400 NORTH POINT PARKWAY, SUITE 154
ALPHARETTA, GA30022
X
Signatures
/s/ Leonard J. Sokolow 01/28/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. Sokolow received 50,000 shares of common stock of Safety Quick Lighting & Fans Corp. (the "Company") in connection with his appointment to the Company's Board of Directors on November 15, 2015. The shares were issued under the Company's 2015 Stock Incentive Plan, pursuant to a Stock Award Agreement, dated January 25, 2016, between Mr. Sokolow and the Company. The price per share was determined based on the Company's then-current private placement of common stock as of the date of such appointment.
( 2 )Mr. Sokolow received 12,000 shares of common stock of the Company in connection with his appointment as the Chairman of the Audit Committee of the Company's Board of Directors on January 5, 2016. The shares were issued under the Company's 2015 Stock Incentive Plan, pursuant to a Stock Award Agreement, dated January 25, 2016, between Mr. Sokolow and the Company. The price per share was determined based on the Company's then-current private placement of common stock as of the date of such appointment.
( 3 )Mr. Sokolow received Incentive Stock Options to purchase up to 150,000 shares of common stock of the Company at $0.60 per share, in connection with his appointment to the Company's Board of Directors on November 15, 2015. The options were issued under the Company's 2015 Stock Incentive Plan, pursuant to a Stock Option Agreement, dated January 25, 2016, between Mr. Sokolow and the Company. The price per share was determined based on the Company's then-current private placement of common stock as of the date of such appointment.
( 4 )The options may be exercised immediately and until the earlier of (a) 10 years from the date of Mr. Sokolow's appointment as a director and such option grants were authorized or (b) immediately upon the date Mr. Sokolow ceases to be a director if terminated for cause, or 90 days after such date if he ceases to be a director for any other reason.

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