Mark S Savage Form 4/A KonaTel / Mark S Savage 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^*

Savage Mark S

(Last) (First) (Middle)

13911 RIDGEDALE DRIVE, SUITE 375

(Street)

MINNETONKA MN 55305

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
KonaTel, Inc. [ KTEL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
04/24/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)
12/18/2017

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	04/24/2018		J(1)		12,100,000	D	$0	0	I	M2 Equity Partners LLC
Common Stock	04/24/2018		J(2)		3,950,000	A	$0	3,950,000	D
Common Stock	06/08/2018		P		50,000	A	$0.2	4,000,000	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
Options	$0.22							03/18/2018	03/18/2023	Common Stock	31,250		31,250	D
Options	$0.22							06/18/2018	06/18/2023	Common Stock	31,250		62,500	D
Options	$0.22							09/18/2018	09/18/2023	Common Stock	31,250		93,750	D
Options	$0.22							12/18/2018	12/18/2023	Common Stock	31,250		125,000	D
Options	$0.22							03/18/2019	03/18/2024	Common Stock	31,250		156,250	D
Options	$0.22							06/18/2019	06/18/2024	Common Stock	31,250		187,500	D
Options	$0.22							09/18/2019	09/18/2024	Common Stock	31,250		218,750	D
Options	$0.22							12/18/2019	12/18/2024	Common Stock	31,250		250,000	D

Explanation of Responses:

1. On April 24, 2018, the 12,100,000 shares of our common stock that were acquired by M2 Equity Partners, LLC, under a Common Stock Purchase Agreement were distributed to its members, pro rata, in accordance with their respective membership interests. This action was approved by the requisite members to M2 Equity Partners, LLC, on April 9, 2018. All of these transferred shares remain subject to the Shareholder Voting Agreement and the Lock-Up/Leak-Out Agreement, see Exhibit 9 to the Amended Current Report on Form 8-K/A dated November 15, 2017, and filed with the Securities and Exchange Commission on December 20, 2017.

2. Number of shares Mr. Savage received in the M2 Equity Partners LLC distribution on April 24, 2018. See Footnote 1.

	/s/ Mark Savage	06/21/2018
	** Signature of Reporting Person	Date
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