0001493152-21-016546.txt : 20210709 0001493152-21-016546.hdr.sgml : 20210709 20210709170809 ACCESSION NUMBER: 0001493152-21-016546 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210708 FILED AS OF DATE: 20210709 DATE AS OF CHANGE: 20210709 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Welch David Ryan CENTRAL INDEX KEY: 0001871874 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40578 FILM NUMBER: 211083475 MAIL ADDRESS: STREET 1: 500 SOUTH GRAND AVENUE, STREET 2: SUITE 1800 CITY: LOS ANGELES STATE: CA ZIP: 90071 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: AGRIFORCE GROWING SYSTEMS LTD. CENTRAL INDEX KEY: 0001826397 STANDARD INDUSTRIAL CLASSIFICATION: PREFABRICATED METAL BUILDINGS & COMPONENTS [3448] IRS NUMBER: 000000000 STATE OF INCORPORATION: A1 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: SUITE 600 - 777 HORNBY STREET CITY: VANCOUVER STATE: A1 ZIP: V6Z 1S4 BUSINESS PHONE: 1-866-226-3514 MAIL ADDRESS: STREET 1: SUITE 600 - 777 HORNBY STREET CITY: VANCOUVER STATE: A1 ZIP: V6Z 1S4 3 1 ownership.xml X0206 3 2021-07-08 0 0001826397 AGRIFORCE GROWING SYSTEMS LTD. AGRI 0001871874 Welch David Ryan 500 SOUTH GRAND AVENUE, SUITE 1800 LOS ANGELES, CA 90071 1 0 0 0 Common shares 24384 D Common shares 13158 I By DR Welch Attorneys at Law LLP Stock options 3.80 2026-06-30 Common shares 9021 D Stock options 7.00 2026-05-31 Common shares 24642 D The shares subject to such option vest and become exercisable annually in substantially equal installments over a two-year period, with the first tranche vested at the date of grant of June 30, 2020, subject to the Reporting Person's continuous service to the Issuer on each such date. If permitted by the policies of any stock exchange on which the Issuer may be listed from time to time, the stock option may be exercised by means of a "cashless exercise", in which event the Issuer shall issue to the holder the net number of common shares determined based on the formula presented in the exhibit to the stock option certificate. The exercise price reported above was converted from the Canadian exercise price of CAD $4.75 using an exchange rate of CAD $1.25 = US $1.00. The shares subject to such option vest and become exercisable annually in substantially equal installments over a three-year period, with the first tranche to be vested on the three-month anniversary of date of grant of May 31, 2021, subject to the Reporting Person's continuous service to the Issuer on each such date. /s/ David Ryan Welch 2021-07-08