Sec Form 4 Filing - Wallitt Steven @ SCWorx Corp. - 2020-03-17

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
Wallitt Steven
2. Issuer Name and Ticker or Trading Symbol
SCWorx Corp. [ WORX]
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)
12 ABBY DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
03/17/2020
(Street)
LAWRENCEVILLE, NJ08648
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
Restricted Stock Units ( 1 ) 03/17/2020 A 80,000 A $ 0 ( 2 ) 80,000 D
Restricted Stock Units 25,000 D
Common Stock 10,527 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
Stock Option (right to buy) $ 2.31 ( 3 ) 10/04/2024 Common Stock 12,500 12,500 D
Series A Convertible Preferred Stock $ 3.8 01/30/2019 ( 4 ) Common Stock 65,953 25,062 D
Common Stock Purchase Warrants $ 3.8 01/30/2019 01/30/2024 Common Stock 32,977 32,977 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Wallitt Steven
12 ABBY DRIVE
LAWRENCEVILLE, NJ08648
X
Signatures
/s/ Steven Wallitt 03/18/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Restricted Stock Units vest in full on 09/17/20.
( 2 )The RSUs were issued to the reporting person as compensation for serving as a director in 2020.
( 3 )The option vests in 4 quarterly installments, commencing ninety days after the grant date.
( 4 )The conversion rights of the Series A Preferred Stock are not subject to expiration.

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).

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