Carl J Williams - 31 Mar 2022 Form 4 Insider Report for GENERAL CANNABIS CORP (CANN)

Role
Director
Signature
/s/ Carl J Williams
Issuer symbol
CANN
Transactions as of
31 Mar 2022
Net transactions value
$0
Form type
4
Filing time
01 Apr 2022, 12:51:45 UTC
Previous filing
28 Jan 2022
Next filing
01 Jul 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CANN Option Award $0 +50,000 $0.000000 50,000 31 Mar 2022 Common stock 50,000 $0.4625 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All of the options vest on the one year anniversary of the grant date.
F2 The reporting person obtained the listed securities pursuant to the Issuer's 2020 Omnibus Incentive Plan.
F3 These options were granted to ALPHAZULU LLC. Mr. Williams is the 51% owner of such entity.