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CVSI CV Sciences Inc (QB)

0.0486
0.0092 (23.35%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
CV Sciences Inc (QB) USOTC:CVSI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0092 23.35% 0.0486 0.0399 0.06 0.06 0.035 0.0395 1,937,617 21:01:33

Initial Statement of Beneficial Ownership (3)

25/03/2020 8:50pm

Edgar (US Regulatory)


FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

MacKay Douglas Jesse
2. Date of Event Requiring Statement (MM/DD/YYYY)
3/20/2020 

3. Issuer Name and Ticker or Trading Symbol

CV Sciences, Inc. [CVSI]
(Last)        (First)        (Middle)

10070 BARNES CANYON ROAD
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
Sr VP Scientific/Regulatory /
(Street)

SAN DIEGO, CA 92121      

(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

Table I - Non-Derivative Securities Beneficially Owned
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)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy)  (1)3/17/2029 Common Stock 250000.0 $4.67 D  
Employee Stock Option (right to buy)  (2)3/19/2030 Common Stock 400000.0 $0.33 D  

Explanation of Responses:
(1) The option is durational-based. No option shares are vested on the date of grant and the remaining option shares vest and become exercisable as follows: (i) thirty-three percent (33%) of the option shares vest and become exercisable on the one (1) year anniversary of March 18, 2019, provided, however, that there has not been a termination of service as of such date and (ii) the balance of the option shares will vest and become exercisable in a series of twenty-four (24) successive equal monthly installments measured from the first anniversary of March 18, 2019, provided, however, that there has not been a termination of service as of such date. In no event will the option become exercisable for any additional option shares after a termination of service.
(2) The option is durational-based. 133,333 option shares vested on the grant date, 133,333 option shares vest and become exercisable on April 15, 2020 and the remaining 133,334 option shares vest and become exercisable on July 15, 2020, provided, however, that there has not been a termination of service as of such date. In no event will the option become exercisable for any additional option shares after a termination of service.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
MacKay Douglas Jesse
10070 BARNES CANYON ROAD
SAN DIEGO, CA 92121


Sr VP Scientific/Regulatory

Signatures
/s/ Joerg Grasser as Attorney-in-fact for Douglas MacKay3/25/2020
**Signature of Reporting PersonDate

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