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Beifuss William E Jr. – ‘4’ for 2/26/20 re: Digital Locations, Inc.

On:  Friday, 2/28/20, at 9:30pm ET   ·   For:  2/26/20   ·   Accession #:  1477932-20-1006   ·   File #:  0-54817

Previous ‘4’:  ‘4’ on 8/5/10 for 8/3/10   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/28/20  Beifuss William E Jr.             4                      1:9K   Digital Locations, Inc.           Discount Edgar/FA

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

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML      3K 
                Securities by an Insider -- form4.xml/3.6


        

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

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
Plain Text rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0306
Document Type:  4
Period of Report:  2020- 2/26/05:00
Not Subject to Section 16?  Yes
Issuer:
Issuer CIK:  1407878
Issuer Name:  Digital Locations, Inc.
Issuer Trading Symbol:  DLOC
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1473770
Owner Name:  BEIFUSS WILLIAM E JR
Reporting Owner Address:
Owner Street 1:  C/O DIGITAL LOCATIONS, INC.
Owner Street 2:  3700 STATE STREET, SUITE 350
Owner City:  SANTA BARBARA
Owner State:  CA
Owner ZIP Code:  93105
Owner State Description:
Reporting Owner Relationship:
Is Director?  Yes
Is Officer?  Yes
Is Ten Percent Owner?  Yes
Is Other?  No
Officer Title:  Chairman, President, CEO & CFO
Non-Derivative Table:
Non-Derivative Transaction:
Security Title:
Value:  Common Stock
Transaction Date:
Value:  2020- 2/26/05:00
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  J
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Amounts:
Transaction Shares:
Value:  9,777,778
Transaction Price Per Share:
Footnote ID:  F1
Transaction Acquired-Disposed Code:
Value:  A
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  9,873,316
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Series B Preferred Stock
Conversion or Exercise Price:
Footnote ID:  F1
Transaction Date:
Value:  2020- 2/26/05:00
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  P
Equity Swap Involved?  No
Transaction Amounts:
Transaction Shares:
Value:  1,100
Transaction Price Per Share:
Value:  100
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Value:  2020- 2/26/05:00
Expiration Date:
Footnote ID:  F2
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Footnote ID:  F1
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  1,100
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Series B Preferred Stock
Conversion or Exercise Price:
Value:  0.0113
Footnote ID:  F1
Transaction Date:
Value:  2020- 2/26/05:00
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  J
Equity Swap Involved?  No
Footnote ID:  F1
Transaction Amounts:
Transaction Shares:
Value:  1,100
Transaction Price Per Share:
Value:  0
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Value:  2020- 2/26/05:00
Expiration Date:
Footnote ID:  F2
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Footnote ID:  F1
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Footnotes:
Footnote - F1:  On February 26, 2020, in a transaction with an unaffiliated shareholder of the Series B Preferred Stock (the "Series B Preferred Stock") of Digital Locations, Inc. (the "Issuer"), a Nevada corporation, the Reporting Person purchased 1,100 shares of Series B Preferred Stock of the Issuer from the unaffiliated shareholder at the stated value of $100 per share, representing a total purchase price of $110,000. Each share of Series B Preferred Stock has a stated value of $100 and is convertible into the Issuer's common stock, par value $0.001 per share, (the "Common Stock") at a conversion price equal to the lesser of: (1) fifty percent (50%) of the lowest trade price of the Common Stock recorded on any trade day after December 12, 2012 or (2) the lowest effective price per share granted to any person or entity, including the Reporting Person but excluding officers and directors of the Issuer, to acquire Common Stock, or adjust, whether by operation of purchase price adjustment, settlement agreements, exchange agreements, reset provision, floating conversion or otherwise, any outstanding warrant, option or other right to acquire Common Stock or outstanding Common Stock equivalents. On February 26, 2020, the Reporting Person converted 1,100 shares of Series B Preferred Stock of the Issuer at a conversion price of $0.01125 per share, representing fifty percent (50%) of the lowest trade price of Common Stock recorded on any trade day after December 12, 2012, into 9,777,778 shares of Common Stock. The Series B Preferred Stock has a beneficial ownership limitation of 4.99%, however, in connection with the transaction, the Reporting Person and the Issuer entered into an agreement to waive such limitation.
Footnote - F2:  N/A
Remarks:
Owner Signature:
Signature Name:  /s/ William E. Beifuss, Jr.
Signature Date:  2020- 2/28/05:00


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