SPOTLIGHT INNOVATION, INC. insider just picked up 633,000 shares

John Michael Krohn, an insider of SPOTLIGHT INNOVATION, INC., recently acquired 633,000 shares of the company. The buys took place at $0.00 per share, on dates ranging from December 23 to December 28, 2016. Krohn now owns 4,372,895 shares of the company. Krohn operates out of Urbandale, IA. Some additional info was provided as follows:

The shares were issued under the Company's equity incentive plan in exchange for options. Includes 830,219 shares owned directly by the Reporting Person and 3,017,676 shares indirectly held based on 50% of total held by K-4 Enterprises, LLC ("K4"), which represents the 50% equity ownership interest held by the Reporting Person. The Reporting Person is the Managing Member of K-4 and in such capacity holds voting and dispositive power ov er the securities held by such entity. The options were returned to the Company for cancellation in exchange for shares of common stock. The options were to vest 25% upon grant, and 25% on each of the first, second and third anniversary of grant date. Pursuant to an employment agreement between the Company and the Reporting Person, the Reporting Person was granted 450,000 restricted shares of Common Stock and 75,000 restricted shares of Common Stock shall be issued on or about January 2, 2017. Includes 1,580,000 shares owned directly by the Reporting Person, and 3,017,676 shares indirectly held based on 50% of total held by K-4 Enterprises, LLC ("K4"), which represents the 50% equity ownership interest held by the Reporting Person. The Reporting Person is the Managing Member of K-4 and in such capacity holds and dispositive power over the securities held by such entity.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

SPOTLIGHT INNOVATION, INC. insider just picked up 75,000 shares - Sept. 11, 2017
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