SEC Info - Baum Eric - ‘4’ for 6/17/20 re: KushCo Holdings, Inc.

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Baum Eric

(Last)

(First)

(Middle)

C/O KUSHCO HOLDINGS, INC.

6261 KATELLA AVENUE, SUITE 250

(Street)

CYPRESS

90630

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
KushCo Holdings, Inc. [ KSHB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
6/17/20

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option to Purchase	$3.35	8/28/20		D			80,000	⁽¹⁾	12/6/26	Common Stock	80,000	⁽²⁾	0	D
Option to Purchase	$2.39	8/28/20		D			120,000	⁽³⁾	11/13/27	Common Stock	120,000	⁽⁴⁾	0	D
Option to Purchase	$5.33	8/28/20		D			145,000	⁽⁵⁾	8/31/28	Common Stock	145,000	⁽⁶⁾	0	D
Option to Purchase	$0.68	6/17/20		A		33,750		⁽⁷⁾	5/3/30	Common Stock	33,750	$0	33,750	D
Option to Purchase	$0.58	8/28/20		A		53,334		⁽¹⁾	12/6/26	Common Stock	53,334	⁽²⁾	53,334	D
Option to Purchase	$0.58	8/28/20		A		80,000		⁽³⁾	11/13/27	Common Stock	80,000	⁽⁴⁾	80,000	D
Option to Purchase	$0.58	8/28/20		A		82,858		⁽⁵⁾	8/31/28	Common Stock	82,858	⁽⁶⁾	82,858	D

Explanation of Responses:

(1) One hundred percent of the shares underlying the option shall be deemed to be fully vested on December 7, 2019.

(2) On August 28, 2020, the issuer canceled, pursuant to the issuer's option exchange program, an option for 80,000 shares of KSHB common stock granted to the reporting person on December 7, 2016. In exchange, the reporting person received a replacement option, for 53,334 shares, having an exercise price of $0.58 a share.

(3) One hundred percent of the shares underlying the option shall be deemed to be fully vested on November 14, 2019.

(4) On August 28, 2020, the issuer canceled, pursuant to the issuer's option exchange program, an option for 120,000 shares of KSHB common stock granted to the reporting person on November 14, 2017. In exchange, the reporting person received a replacement option, for 80,000 shares, having an exercise price of $0.58 a share.

(5) Fifty percent of the shares underlying the option shall be deemed to be vested on the one-year anniversary of September 1, 2018, with the remainder vesting in equal monthly installments over 12 months.

(6) On August 28, 2020, the issuer canceled, pursuant to the issuer's option exchange program, an option for 145,000 shares of KSHB common stock granted to the reporting person on September 1, 2018. In exchange, the reporting person received a replacement option, for 82,858 shares, having an exercise price of $0.58 a share.

(7) Fifty percent of the shares underlying the option shall be deemed to be fully vested on May 31, 2020. Remaining fifty percent of the shares underlying the option shall vest in equal installments on June 30, 2020, July 31, 2020, and August 31, 2020.

Remarks:

	/s/ Eric Baum	9/1/20
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
A	Grant, award or other acquisition pursuant to Rule 16b-3(d).
D	Disposition to the Issuer of Issuer equity securities pursuant to Rule 16b-3(e).

Baum Eric – ‘4’ for 6/17/20 re: KushCo Holdings, Inc.

On: Tuesday, 9/1/20, at 5:57pm ET · For: 6/17/20 · Accession #: 1604627-20-15 · File #: 0-55418

Previous ‘4’: ‘4’ on 1/17/20 for 1/15/20 · Next: ‘4’ on / for 3/1/21 · Latest: ‘4’ on 7/7/22 for 7/1/22

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Baum Eric – ‘4’ for 6/17/20 re: KushCo Holdings, Inc.

On: Tuesday, 9/1/20, at 5:57pm ET · For: 6/17/20 · Accession #: 1604627-20-15 · File #: 0-55418

Previous ‘4’: ‘4’ on 1/17/20 for 1/15/20 · Next: ‘4’ on / for 3/1/21 · Latest: ‘4’ on 7/7/22 for 7/1/22

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents