Dynatronics (DYNT) Form 3 DYNATRONICS / Brian D. Baker 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^*

Baker Brian D.

(Last) (First) (Middle)

82 CENTERVILLE COMMONS WAY

(Street)

CENTERVILLE UT 84014

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/29/2019

3. Issuer Name and Ticker or Trading Symbol
DYNATRONICS CORP [ DYNT ]

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

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

5. 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 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)
Common Stock	17,057	D

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
Series A Convertible Preferred Stock	06/30/2015	(1)	Common Stock	80,000	0.00	D
Series A Convertible Preferred Stock	12/28/2016	(1)	Common Stock	16,000	0.00	D
A-Warrants	06/30/2015	06/29/2021	Common Stock	60,000	2.75	D
B-Warrants	(2)	(2)	Common Stock	60,000	2.75	D
A-Warrants	12/28/2016	12/27/2022	Common Stock	12,000	2.75	D
B-Warrants	(2)	(2)	Common Stock	12,000	2.75	D
Common Stock Option	02/27/2020(3)	02/27/2027	Common Stock	20,000	2.07	D

Explanation of Responses:

1. The Series A Preferred Stock has no expiration date.

2. The B-Warrants are exercisable any time after the date that the holder has purchased all of the shares of Common Stock underlying the A-Warrants issued to the holder and on or prior to the close of business on the six-year anniversary of such date.

3. Options vest and become exercisable with respect to 25% of the option shares on each of the first, second, third and fourth anniversaries of the grant date.

	/s/ Brian Baker	06/11/2019
	** 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).
** 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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