Sec Form 4/A Filing - BARNES JAMES A @ WRAP TECHNOLOGIES, INC. - 2020-06-11

Insider filing report for Changes in Beneficial Ownership
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FORM 4/A
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
BARNES JAMES A
2. Issuer Name and Ticker or Trading Symbol
WRAP TECHNOLOGIES, INC. [ WRTC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO, SECRETARY AND TREASURER
(Last) (First) (Middle)
C/O WRAP TECHNOLOGIES, INC., 1817 W 4TH STREET
3. Date of Earliest Transaction (MM/DD/YY)
06/11/2020
(Street)
TEMPE, AZ85281
4. If Amendment, Date Original Filed (MM/DD/YY)
06/12/2020
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 06/11/2020 G( 1 ) 72,000 ( 1 ) D $ 0 1,814,741 I By family trust
Common Stock 06/11/2020 G( 1 ) 72,000 ( 1 ) A $ 0 87,503 D
Common Stock 06/11/2020 S( 1 ) 6,000 D $ 6.73 81,503 D ( 1 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BARNES JAMES A
C/O WRAP TECHNOLOGIES, INC.
1817 W 4TH STREET
TEMPE, AZ85281
CFO, SECRETARY AND TREASURER
Signatures
/s/ James A. Barnes 07/02/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Amendment No. 1 to the Form 4 ("Form 4/A") filed on June 12, 2020 (the "Original Form 4") is being filed to report the correct the ownership form of the shares of common stock that were sold pursuant to a Rule 10b5-1 trading plan, adopted by the reporting person on May 8, 2020. The sale was inadvertently reported as a sale of shares by the family trust on the Original Form 4. In addition, this Form 4/A corrects the transaction by reporting the transfer of shares by the family trust for no compensation to the Reporting Owner, as permitted by the terms of the trust, and corrects the sale of shares as effected by the Reporting Owner directly.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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