Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
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 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).
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CUSIP No. 826598302
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13G
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Page
2
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1
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NAME OF REPORTING PERSONS
Carl I. Schwartz
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE
INSTRUCTIONS)
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(a) ¨
(b) ¨
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
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NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
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5
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SOLE VOTING POWER
2,400,000
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6
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SHARED VOTING POWER
0
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7
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SOLE DISPOSITIVE POWER
2,400,000
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8
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SHARED DISPOSITIVE POWER
0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
2,400,000
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10
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS)
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¨
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
17.1%
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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CUSIP No. 826598302
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13G
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Page 3
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Item 1(a). Name of Issuer:
Sigma Labs, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
3900 Paseo del Sol, Santa Fe, NM 87507
Item 2(a). Name of Person Filing:
Carl I. Schwartz
Item 2(b). Address of Principal Business Office, or if none, Residence:
3750 Las Vegas Blvd. South
Apt. 4303
Las Vegas, NV 89158
Item 2(c). Citizenship:
U.S.A.
Item 2(d). Title of Class of Securities:
Common Stock, $0.001 par value
Item 2(e). CUSIP Number:
826598302
Item
3. If This Statement is Filed Pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is
a:
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(a)
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¨ Broker
or dealer registered under Section 15 of the Act (15 U.S.C. 78o);
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(b)
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¨ Bank
as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
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(c)
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¨
Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
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(d)
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¨
Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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(e)
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¨
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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(f)
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¨
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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(g)
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¨
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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(h)
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¨
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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(i)
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¨
A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act
(15 U.S.C. 80a-3);
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(j)
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¨
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
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(k)
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¨
Group, in accordance with ' 240.13d-1(b)(1)(ii)(K).
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If filing as a non-U.S. institution in accordance with
§ 240.13d-1(b)(1)(ii)(J), please specify the type of institution: __________________.
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:
2,400,000 shares of Common Stock (includes 400,000
shares held by Carl I. Schwartz Revocable Family Trust)
Note: Beneficial ownership reported in this
Schedule 13G does not include warrants to purchase 375,000 shares of Common Stock that the reporting person acquired on or about
April 6, 2018. Such warrants may be exercised commencing on or about November 7, 2018 and expire on or about October 7, 2023.
Beneficial ownership also does not include warrants
to purchase 200,000 shares of Common Stock that the reporting person acquired on May 7, 2019. Such warrants may be exercised commencing
on or about November 8, 2019 and expire on November 8, 2024.
Both of these warrants include a provision to the
effect that the reporting person, with certain exceptions, may not exercise the warrants if after such exercise the reporting
person would beneficially own more than 4.99% of the outstanding Common Stock of the Issuer.
(b) Percent of class:
17.1%
(Based
upon the Issuer’s Form 10-Q filed on November 14, 2019, the Issuer had 14,037,590 shares outstanding as of November 14, 2019.)
(c) Number of shares as to which such person
has:
Carl I. Schwartz has sole voting and dispositive
power over 2,400,000 shares of Common Stock.
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 the beneficial owner of more than 5 percent of the class of
securities, check the following: ¨
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person.
N/A
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
N/A
Item 8. Identification and Classification of Members of the
Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
Item 10. Certifications.
(a) Not applicable
(b) Not applicable
(c) 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 13, 2020
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By:
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/s/ Carl I. Schwartz
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Carl I. Schwartz
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