Richard Berliner - Dec 1, 2021 Form 3 Insider Report for Digital Locations, Inc. (DLOC)

Role: Chief Executive Officer
Signature: /s/ Richard Berliner
Stock symbol: DLOC
Transactions as of: Dec 1, 2021
Transactions value $: $0
Form type: 3
Date filed: 1/19/2022, 03:44 PM
Previous filing: Oct 15, 2021
Next filing: Feb 8, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	DLOC	Non-qualified Stock-Options							Dec 1, 2021	Common Stock	5M	$0.01	Direct	F1
holding	DLOC	Non-qualified Stock-Options							Dec 1, 2021	Common Stock	504M	$0.01	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The option shall vest over a 24-month period with the first installment of 750,000 vesting on November 9, 2020 followed by 23 equal amounts of 184,782.60 during the term of Mr. Berliner's engagement with the Company pursuant to the terms of an independent contractor agreement, dated October 19, 2020, between the Company and Mr. Berliner. Vested options are exercisable at any time after 12 months of October 19, 2020.
F2	The option is exercisable at any time after it vests. The option shall vest over a 36-month period from December 1, 2021 (the "Grant Date"), with a six-month cliff where 0 options shall vest during the first 6 months, then 84,000,000 options shall vest at the end of month 6, then 14,000,000 options shall vest at the end of each month from the end of month 7 through the end of month 36.

Content

The option shall vest over a 24-month period with the first installment of 750,000 vesting on November 9, 2020 followed by 23 equal amounts of 184,782.60 during the term of Mr. Berliner's engagement with the Company pursuant to the terms of an independent contractor agreement, dated October 19, 2020, between the Company and Mr. Berliner. Vested options are exercisable at any time after 12 months of October 19, 2020.

The option is exercisable at any time after it vests. The option shall vest over a 36-month period from December 1, 2021 (the "Grant Date"), with a six-month cliff where 0 options shall vest during the first 6 months, then 84,000,000 options shall vest at the end of month 6, then 14,000,000 options shall vest at the end of each month from the end of month 7 through the end of month 36.