Sec Form 13D Filing - Breen Mark filing for LEAFBUYER TECHNOLOGI (LBUY) - 2018-07-03

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

LEAFBUYER TECHNOLOGIES, INC.

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(Name of Issuer)

 

Common Stock, $0.001 par value

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(Title of Class of Securities)

 

52177H100

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(CUSIP Number)

Mark Breen, Chief Financial Officer

6888 S. Clinton Street, Suite 300

Greenwood Village, Colorado 80108

(720) 235-0099

Copy to:

Peter Campitiello, Esq.

Kane Kessler, P.C.

666 Third Avenue, 22^nd Floor

New York, New York 10017

(212) 541-6222

 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 13, 2017

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(Date of Event which requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ☐

 

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CUSIP No. 52177H100

13D

Page 2 of 4

 

1	NAME OF REPORTING PERSON
	I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
	Mark Breen
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)			(a)	☐
				(b)	☒
3	SEC USE ONLY
4	SOURCE OF FUNDS*
	OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)				☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	USA
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER
			8,450,020   (1)      (See Item 5)
		8	SHARED VOTING POWER
			0          (See Item 5)
		9	SOLE DISPOSITIVE POWER
			8,450,020       (1)   (See Item 5)
		10	SHARED DISPOSITIVE POWER
			0                       (See Item 5)
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	8,450,020   (1)          (See Item 5)
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*				☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	18.8%
14	TYPE OF REPORTING PERSON*
	IN

1.

Includes 1,000,000 shares of the Issuer’s Series A Preferred Stock, which converts into the Issuer’s Common Stock on a one-for-one basis and 200,000 option shares readily exercisable, granted pursuant to Issuer’s 2017 Equity Incentive Plan.

 

CUSIP No. 52177H100

13D

Page 3 of 4

 

Item 1.

Security and Issuer.

This Statement of Beneficial Ownership on Schedule 13D (the “Schedule 13D”) relates to the shares of common stock, $0.001 par value per share (the “Common Stock”) of Leafbuyer Technologies, Inc., a Nevada corporation (the “Issuer”). The Issuer maintains its principal executive office at 6888 S. Clinton Street, Suite 300, Greenwood Village, Colorado 80108.

Item 2.

Identity and Background.

(a)

This Schedule 13D is being filed on behalf of Mark Breen (the “Reporting Person”).

(b)

The address of the principal place of business and principal office of the Reporting Person is 6888 S. Clinton Street, Suite 300, Greenwood Village, Colorado 80108.

(c)

Reporting Person is the Chief Financial Officer of the Issuer.

Item 3.

Source and Amount of Funds or Other Consideration.

 

The shares of Common Stock and Series A Preferred Stock were issued to the Reporting Person in exchange for the Reporting Person’s one-third membership interest of LB Media Group, LLC (“LB Media”) as a result of the merger between LB Media, LB Acquisition Corp. and the Issuer pursuant to an Agreement and Plan of Merger (the “Merger Agreement”).

For more information on the Merger Agreement, see the Current Report on Form 8-K filed by the Issuer with the Commission on March 29, 2017 and incorporated herein by reference.

Options to purchase 200,000 shares of Common Stock were granted and vested on April 1, 2018 pursuant to the Issuer’s 2017 Equity Incentive Plan.

Item 4.

Purpose of the Transaction

 

The Reporting Person acquired all of the Shares to which this Schedule 13D relates as specified in Item 3. The Reporting Person do not have any present plans or proposals that relate to or would result in: (i) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (ii) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of the Issuer’s subsidiaries; (iii) a sale or transfer of a material amount of assets of the Issuer or any of the Issuer’s subsidiaries; (iv) any change in the present board of directors or management of the Issuer; (v) any material change in the present capitalization or dividend policy of the Issuer; (vi) any other material change in the Issuer’s business or corporate structure; (vii) changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (viii) causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (ix) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or (x) any action similar to any of those enumerated above.

 

CUSIP No. 52177H100

13D

Page 4 of 4

 

Item 5.

Interest in Securities of the Issuer.

 

(a) and (b) As of May 16, 2018 the Reporting Person beneficially owned in the aggregate 8,450,020 shares of Common Stock, constituting approximately 18.8% of the outstanding shares of Common Stock. The percentage of shares of Common Stock reported as being beneficially owned by the Reporting Person is based upon 44,775,228 shares outstanding as of June 29, 2018.

 

(c) There have been no transactions in the Shares effected within the past sixty days by the Reporting Person.

 

(d) No other person is known by the Reporting Person to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares of Common Stock beneficially owned by the Reporting Person.

(e). Not Applicable.

 

Item 6.

Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

 None.

 

Item 7.

Material to be Filed as Exhibits.

None.

 

SIGNATURE

 

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this Schedule 13D is true, complete and correct.

 

 

 

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