Initial Statement of Beneficial Ownership (3)
June 08 2020 - 3:31PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0104
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Adams Mark |
2. Date of Event Requiring Statement (MM/DD/YYYY)
5/28/2020
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3. Issuer Name and Ticker or Trading Symbol
AYRO, Inc. [AYRO]
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(Last)
(First)
(Middle)
900 E. OLD SETTLERS BOULEVARD, SUITE 100 |
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
__X__ Director ___X___ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Street)
ROUND ROCK, TX 78664
(City)
(State)
(Zip)
| 5. If Amendment, Date Original Filed(MM/DD/YYYY)
| 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 1368132 (1) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 4) | 2. Date Exercisable and Expiration Date (MM/DD/YYYY) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) |
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Warrants to Purchase Common Stock | (2) | 12/9/2024 | Common Stock | 49328 (1) | $7.35 | D | |
Stock Option (Right to Buy) | (3) | 9/28/2027 | Common Stock | 20450 (1) | $2.45 | D | |
Stock Option (Right to Buy) | (3) | 9/1/2028 | Common Stock | 20450 (1) | $2.45 | D | |
Stock Option (Right to Buy) | (3) | 2/15/2029 | Common Stock | 20450 (1) | $2.45 | D | |
Explanation of Responses: |
(1) | On May 28, 2020, the Issuer effected a 1-for-10 reverse stock split of its common stock (the "Reverse Stock Split") in connection with the the merger of a private company formerly known as "AYRO, Inc." with and into a wholly owned subsidiary of the Issuer, and immediately thereafter effected a 1-for-1 stock dividend (the "Stock Dividend"). The amount of securities reported on this Form 3 have been adjusted to reflect the Reverse Stock Split and Stock Dividend on a post-split and post-stock dividend basis. |
(2) | Immediately exercisable. |
(3) | These options are fully vested and exercisable. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Adams Mark 900 E. OLD SETTLERS BOULEVARD, SUITE 100 ROUND ROCK, TX 78664 | X | X |
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Signatures
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/s/ Mark Adams | | 6/8/2020 |
**Signature of Reporting Person | Date |
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