Boxlight (BOXL) Form 4 Boxlight / James Mark Elliott 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^*

Elliott James Mark

(Last) (First) (Middle)

C/O BOXLIGHT CORPORATION

2750 PREMIERE PARKWAY, SUITE 900

(Street)

DULUTH GA 30097

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Boxlight Corp [ BOXL ]

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)
06/08/2022

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
CLASS A COMMON STOCK	06/08/2022		X(1)		85,551	A	$0.13	370,402(2)	D
CLASS A COMMON STOCK	06/08/2022		S		85,551	D	$0.82	284,851(3)	D
CLASS A COMMON STOCK	06/09/2022		X(1)		46,290	A	$0.13	331,141(4)	D
CLASS A COMMON STOCK	06/09/2022		S		46,290	D	$0.77	284,851(5)	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
STOCK OPTION	$0.13	06/08/2022		X			85,551(1)	09/13/2017	03/25/2022	CLASS A COMMON STOCK	85,551	$0.13	246,290	D
STOCK OPTION	$0.13	06/09/2022		X			46,290(1)	09/13/2017	03/25/2022	CLASS A COMMON STOCK	46,290	$0.13	200,000	D

Explanation of Responses:

1. Represents the acquisition of shares of BOXL Class A common stock upon the exercise of stock options at the exercise price of $0.13 per share.

2. Consists of (i) 321,952 shares of BOXL Class A common stock and (ii) 48,450 restricted stock units ("RSUs"), with each RSU representing the right to receive one share of BOXL Class A common stock, which RSUs are subject to monthly vesting over the next 10 months in installments of 4,845 shares per month.

3. Consists of (i) 236,401 shares of BOXL Class A common stock and (ii) 48,450 RSUs.

4. Represents (i) 282,691 shares of Class A common stock and (ii) 48,450 RSUs.

5. Represents (i) 236,401 shares of Class A common stock and (ii) 48,450 RSUs.

	/s/ Elliott James Mark	06/10/2022
	** 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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