Spotlight Innovation Form 3/A Spotlight Innovation / CRAIG A LANG ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

LANG CRAIG A

(Last) (First) (Middle)

4245 180TH STREET

(Street)

BROOKLYN IA 52211

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/24/2016

3. Issuer Name and Ticker or Trading Symbol
Spotlight Innovation, Inc. [ STLT ]

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

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

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/08/2016

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 Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Convertible Note(1)	12/30/2015	12/30/2017	Common Stock	76,923	0.65	D
Options (Right to Buy)	(2)	02/24/2026	Common Stock	75,000	0.65	D

Explanation of Responses:

1. Reporting Person is the holder of a Convertible Note in the principal amount of $50,000 which is currently convertible into shares of common stock of Spotlight Innovation Inc. ("STLT"), at the option of the holder, at a price per share equal to the lower of $.75 or the average price of the common stock of STLT during the 20 consecutive trading days immediately prior to conversion (currently calculated at the price of $.65 per share).

2. On February 24, 2016 the Reporting Person received an option, to purchase seventy five thousand (75,000) shares of the Company's Common Stock with an exercise price equal to the closing price on the date prior to the date of the grant. Subject to continued service as a Director, these options will vest one third upon issuance, one third on the one year anniversary of Reporting Person's being a member of the Company's Board of Directors, and one third on the second year anniversary of Reporting's Person being a member of the Company's Board of Directors. The option will be subject to the terms of the Spotlight Innovation Inc. 2015 Equity Incentive Plan (the "Plan") and the related stock option award agreement issued pursuant to the Plan.

	/s/ Craig A. Lang	12/28/2016
	** 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 5 (b)(v).
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