Sec Form 4 Filing - RUPORT MARK @ SIGMA LABS, INC. - 2020-01-28

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 RUPORT MARK 2. Issuer Name and Ticker or Trading Symbol SIGMA LABS, INC. [ SGLB] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Executive Chairman (Last) (First) (Middle) 3900 PASEO DEL SOL 3. Date of Earliest Transaction (MM/DD/YY) 01/28/2020 (Street) SANTA FE, NM87507 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 Series E Preferred Stock ( 1 ) $ 1.03 01/28/2020 A 33.33 01/28/2020 ( 1 ) Common Stock 63,494 ( 2 ) $ 1,500 33.33 D Warrants to Purchase Common Stock $ 1.13 01/28/2020 A 48,544 07/29/2020 07/28/2025 Common Stock 48,544 $ 0 ( 1 ) 48,544 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other RUPORT MARK 3900 PASEO DEL SOL SANTA FE, NM87507 X Executive Chairman Signatures /s/ Mark K. Ruport 02/26/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Pursuant to a Securities Purchase Agreement between the Company and the Reporting Person, the Reporting Person purchased 33.33 shares of the Company's Series E Preferred Stock (the "PreferredShares") and warrants to purchase 48,544 shares of the Company's Common Stock for an aggregate purchase price of $50,000 or $1,500 per Preferred Share (the "Stated Value"). Dividends accrue on amonthly basis of 9% per annum and shall increase the Stated Value. The holder shall have the right to convert the Preferred Shares into common shares at a conversion rate determined by dividing theConversion Amount by $1.03. The Conversion Amount is the sum of the Stated Value (including as a result of accrued dividends) plus the amount of any dividend that, but for the conversion, wouldhave accrued at the dividend rate for the three year period commencing January 28, 2020. The Preferred Shares have no expiration date. ( 2 )Represents the maximum amount of common shares issuable upon conversion as described in footnote 1.

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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