CUSIP No.
19189Y108
1
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NAMES
OF REPORTING PERSONS: George J. Powell, III
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY):
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2
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CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS):
(a) ☐
(b) ☐
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3
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SEC
USE ONLY:
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4
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SOURCE
OF FUNDS (SEE INSTRUCTIONS): OO (See Item 3)
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5
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CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e): ☐
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6
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CITIZENSHIP
OR PLACE OF ORGANIZATION: United States
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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7
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SOLE
VOTING POWER: 60,115,016 shares of Common Stock and 1,000 shares of Series A Preferred Stock
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8
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SHARED
VOTING POWER: -0-
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9
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SOLE
DISPOSITIVE POWER: 60,115,016 shares of Common Stock and 1,000 shares of Series A Preferred Stock
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10
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SHARED
DISPOSITIVE POWER: -0-
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11
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AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 60,115,016 shares of Common Stock and 1,000 shares of Series A Preferred
Stock
i
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12
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CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):
Not
applicable.
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13
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PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11):
12.3%
of the outstanding Common Stock and 56.7% of outstanding total voting stock
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14
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TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS): IN
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CUSIP
No.
19189Y108
Item
1. Security and Issuer.
The
title and class of equity securities to which this Schedule 13D relates is the common stock, par value $0.001 per share (“
Common
Stock
”), of Code Green Apparel Corp., a Nevada corporation (together with its predecessor companies, the “
Company
”).
The Company’s principal executive offices are located at 31642 Pacific Coast Highway, Ste 102, Laguna Beach, CA 92651.
Item
2. Identity and Background.
(a)-(c)
This report is being filed by George J. Powell, III (the “
Reporting Person
”). Mr. Powell’s principal
occupation is Chief Executive Officer, Interim Chief Financial Officer, and Secretary and a director of Code Green Apparel Corp.
Mr. Powell’s business address is 31642 Pacific Coast Highway, Ste 102, Laguna Beach, CA 92651.
(d)-(e)
Mr. Powell has not, during the last five years, (i) been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors) or (ii) been a party to a civil proceeding of a judicial or administrative body of competent
jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting activities subject to, federal or state securities laws or finding any violation of such
laws.
(f)
Mr. Powell is a citizen of the United States.
Item
3. Source and Amount of Funds or Other Consideration.
On
April 26, 2014, the Company issued 100,865,016 shares of restricted common stock to its CEO and then sole board member George
J. Powell, III, in connection with his employment agreement, and in consideration for services rendered. The shares were valued
at an aggregate of $1,412,000.
On
May 22, 2015, the Company issued to its CEO, George J. Powell, III, 1,000 shares of restricted Series A Preferred Stock in lieu
of Mr. Powell’s 2014 salary, which shares were valued at $180,000.
In July 2015, Mr. Powell
gifted 21,750,000 shares of common stock to 32 friends, family, and charitable institutions.
On
January 10, 2016, the Company issued 10,000,000 shares of its restricted common stock to its CEO, George J. Powell, III as a bonus
in consideration for his efforts throughout the 2015 fiscal year. The shares had a fair market value of $30,000.
On
June 22, 2016, Mr. Powell gifted 24 million of his shares to Niko Kabylafkas.
On
December 30, 2016, Mr. Powell gifted 5 million of his shares to seven individuals.
Item
4. Purpose of Transaction.
Information
set forth in Items 3 and 5 is incorporated herein by reference.
The
Reporting Person beneficially holds the shares of Common Stock and preferred stock described herein for investment purposes. Mr.
Powell may make additional purchases of the Company’s equity securities, from the Company or third parties, for investment
purposes from time to time. In addition, Mr. Powell is Director, Chief Executive Officer, Interim Chief Financial Officer, and
Secretary of the Company and therefore will continue to participate in incentive programs available to executive officers of the
Company. As the Company’s CEO, Mr. Powell has a continuing role in the governance of the Company, and in this role he may
in the future make proposals or offer input on proposals with respect to the matters set forth in (a) through (j) of Item 4 of
Schedule 13D.
Mr.
Powell also acquired the securities of the Company in a transaction which may relate to or result in any of the following, although
Mr. Powell has no immediate plans regarding any of the below:
(a)
the acquisition by persons of additional securities of the Company, or the disposition of securities of the Company;
(b)
a
reorganization involving the Company;
(c)
a
sale or transfer of a material amount of assets of the Company or any of its subsidiaries;
CUSIP
No.
19189Y108
(d)
a
change in the present board of directors and management of the Company, including plans or proposals to change the number or term
of directors or to fill any existing vacancies on the board;
(e)
a
material change in the present capitalization or dividend policy of the Company;
(f)
other
material changes in the Company’s business or corporate structure;
(g)
changes
in the Company’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition
of control of the Company by any person;
Mr.
Powell does not have any immediate plans or proposals which relate to or result in:
(h)
causing
a class of securities of the Company to be delisted from a national securities exchange or cease to be authorized to be quoted
in an inter-dealer quotation system of a registered national securities association;
(i)
a class of equity securities of the Company becoming eligible for termination of registration pursuant to Section 12(g)(4) of
the Securities Exchange Act of 1934, as amended; or
(j)
any
action similar to any of those enumerated in (h) through (i), above.
Item
5. Interest in Securities of the Issuer.
Information
set forth in Item 3 is incorporated herein by reference.
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(a)
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Mr.
Powell beneficially owns 60,115,016 shares of Common Stock and 1,000 shares of Series A Preferred Stock
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which
represents 12.3% of the outstanding Common Stock and 56.7% of outstanding total voting stock.
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(b)
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Mr.
Powell holds the sole power to vote or to direct the vote and sole power to dispose or to direct the disposition of 60,115,016
shares of Common Stock and 1,000 shares of Series A Preferred Stock
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.
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(c)
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See Item 3, above.
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(d)
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No
other person has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale
of the 60,115,016 shares of Common Stock and 1,000 shares of Series A Preferred Stock
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beneficially owned by
Mr. Powell.
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(e)
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N/A
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CUSIP No.
19189Y108
Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
There
are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting Persons and any other
person with respect to any securities of the Company, including, but not limited to, the transfer or voting of any of the securities,
finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or
loss, or the giving or withholding of proxies or any pledge or contingency, the occurrence of which would give another person
voting or investment power over the securities of the Company.
Item
7. Material to be filed as Exhibits.
None.
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:
June 5, 2017
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/s/
George J. Powell, III
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George J. Powell, III
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i
For so long as any shares of the Series A Preferred Stock remain issued and outstanding, the holders thereof, voting separately
as a class, shall have the right to vote on all shareholder matters equal to fifty-one percent (51%) of the total vote on all
stockholder matters.