Colmar Craig Form 4 Electronic Cigarettes International / Craig Colmar ownership change

SEC Form 4

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^*

Colmar Craig

(Last) (First) (Middle)

1707 COLE BOULEVARD, SUITE 350

(Street)

GOLDEN CO 80401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Electronic Cigarettes International Group, Ltd. [ ECIG ]

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)
06/30/2016

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001 per share	06/30/2016		A		62,500	A	(1)	252,023	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (right to buy)	$0.75	06/30/2016		D			200,000	(2)	03/27/2025	Common Stock	200,000	(3)	0	D
Employee Stock Option (right to buy)	$0.16	06/30/2016		A		200,000		(4)	06/29/2026	Common Stock	200,000	(3)	200,000	D
Employee Stock Option (right to buy)	$0.16	06/30/2016		A		400,000		(5)	06/29/2026	Common Stock	200,000	(1)	600,000	D

Explanation of Responses:

1. The reporting person received these securities as compensation in connection with his service as a member of the board of directors of the issuer.

2. The option, which had a grant date of March 28, 2015, vested in three equal tranches: one-third on the grant date, one-third twelve months after the grant date, and one-third twenty four months after the grant date.

3. On June 30, 2016, the issuer canceled an option for 200,000 shares of its common stock granted to the reporting person on January 9, 2015. In exchange, the reporting person received a replacement option for 200,000 shares, having an exercise price of $0.16 per share.

4. The option, which has a grant date of June 30, 2016, vests in two tranches: two-thirds on the grant date, and one-third on March 28, 2017.

5. The option, which has a grant date of June 30, 2016, vests in three equal tranches: one-third on the grant date, one-third twelve months after the grant date, and one-third twenty four months after the grant date.

	/s/ Craig Colmar	07/08/2016
	** 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).
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