Sec Form 13G Filing - Hulls Chris filing for Life360 Inc. (LIF) - 2023-02-14

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

 

Life360, Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

N/A

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

 

Rule 13d-l(b)

 

 

Rule 13d-l(c)

 

 

Rule 13d-l(d)

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. N/A

   SCHEDULE 13G    Page 2 of 5

 

,  1.    

  Names of Reporting Persons.

 

  Chris Hulls

  2.  

  Check the Appropriate Box if a Member of a Group (See Instructions)

 

  (a)  ☐        (b)  ☐

  3.  

  SEC Use Only

 

  4.  

  Citizenship or Place of Organization

 

  United States of America

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With:

   5.     

  Sole Voting Power

 

  4,755,750(1)

   6.   

  Shared Voting Power

 

  0

   7.   

  Sole Dispositive Power

 

  4,755,750(1)

   8.   

  Shared Dispositive Power

 

  0

  9.    

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  4,755,750(1)

10.  

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)

 

  ☐

11.  

  Percent of Class Represented by Amount in Row (9)

 

  7.1%(2)

12.  

  Type of Reporting Person (See Instructions)

 

  IN

 

(1)

Represents (i) 1,253,681 shares of common stock held directly by Mr. Hulls; (ii) 1,686,552 shares of common stock underlying 5,059,656 CHESS Depositary Interests (“CDIs”); (iii) 29,960 shares of common stock underlying 89,880 CDIs held indirectly through ICCA Labs, LLC; (iv) 1,775,621 shares underlying options to purchase common stock that are exercisable within 60 days of December 31, 2022; and (v) 9,936 shares underlying restricted stock units that will vest within 60 days of December 31, 2022 but will not be issued within 60 days of December 31, 2022 for administrative reasons. Mr. Hulls is a member of ICCA Labs, LLC and the number of shares reported herein represents his proportionate ownership interest in ICCA Labs, LLC.

(2)

Calculated based on 65,239,843 shares of Common Stock issued and outstanding as of December 31, 2022.


CUSIP No. N/A

   SCHEDULE 13G    Page 3 of 5

 

Item 1.

 

  (a)

Name of Issuer:

Life360, Inc.

 

  (b)

Address of Issuer’s Principal Executive Offices:

1900 South Norfolk Street, Suite 310

San Mateo, CA 94403

Item 2.

 

  (a)

Name of Person Filing:

Chris Hulls

 

  (b)

Address of Principal Business Office or, if none, Residence:

The address of the principal business office of the Reporting Person is 1900 South Norfolk Street, Suite 310, San Mateo, CA 94403

 

  (c)

Citizenship:

United States of America

 

  (d)

Title of Class of Securities:

Common Stock, $0.001 par value per share

 

  (e)

CUSIP Number:

N/A

 

Item 3.

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

Not applicable.


CUSIP No. N/A

   SCHEDULE 13G    Page 4 of 5

 

Item 4.

Ownership.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

  (a)

Amount beneficially owned: See row 9 of the cover page.

 

  (b)

Percent of class: See Row 11 of the cover page.

 

  (c)

Number of shares as to which the person has:

 

(i) Sole power to vote or to direct the vote    See Row 5 of the cover.
(ii) Shared power to vote or to direct the vote    See Row 6 of the cover page.
(iii) Sole power to dispose or to direct the disposition of    See Row 7 of the cover.
(iv) Shared power to dispose or to direct the disposition of    See Row 8 of the cover page.

 

Item 5.

Ownership of Five Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☐

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

 

Item 9.

Notice of Dissolution of Group.

Not applicable.

 

Item 10.

Certifications.

Not applicable.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2023

 

CHRIS HULLS

/s/ Chris Hulls

An individual