Attached files
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| EX-4.1 - SEYCHELLE ENVIRONMENTAL TECHNOLOGIES INC /CA | seychell8kx41_12272010.htm |
FORM 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Date of Report (date of earliest event reported) December 30, 2010
Commission File No. 0-29373
Seychelle Environmental Technologies, Inc.
(Exact Name of registrant as specified in its charter)
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Nevada
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33-6159915
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(State or other jurisdiction
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(IRS Employer File Number)
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of incorporation)
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32963 Calle Perfecto
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San Juan Capistrano, California
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92675
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(Address of principal executive offices)
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(zip code)
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(949) 234-1999
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Act of 1934
References in this document to "us," "we," “Seychelle” or "Company" refer to Seychelle Environmental Technologies, Inc., a Nevada corporation and our wholly-owned subsidiary, Seychelle Water Technologies, Inc., also a Nevada corporation.
Item 3.02 Unregistered Sales of Equity Securities
We have granted warrants for services rendered. These warrants are granted for the period of December 15, 2010 through December 15, 2020 and fully vest on December 15, 2015. A total of 20% shall vest and become exercisable on the first anniversary date of the Warrant ("Vesting Commencement Date") and an additional 20% shall vest and become exercisable on each succeeding anniversary date of the Vesting Commencement Date until all Warrant Stock subject to this vesting requirement has become vested.
The warrants are redeemable in an equal number of shares of restricted common stock, at a price of $0.21 per share, to the following entities:
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Name
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Number of Stock Warrants
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Alexis Funk
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30,000
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Carrie Garcia
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30,000
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TAM Irrevocable Trust
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4,857,221
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Parsons Family Trust
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2,000,000
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The Place Trust
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1,550,000
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In issuing these warrants, we relied upon an exemption from the Securities Act of 1933 under Section 4(2) and analogous state exemptions.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibit is filed herewith:
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Exhibit
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Description
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4.1
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Form of Warrant, December 15, 2010.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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SEYCHELLE ENVIRONMENTAL TECHNOLOGIES, INC.
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Date: December 30, 2010
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By:
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/s/ Carl Palmer
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Carl Palmer
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President
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