<SEC-DOCUMENT>0001144204-14-044984.txt : 20140725
<SEC-HEADER>0001144204-14-044984.hdr.sgml : 20140725
<ACCEPTANCE-DATETIME>20140725164547
ACCESSION NUMBER:		0001144204-14-044984
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140723
FILED AS OF DATE:		20140725
DATE AS OF CHANGE:		20140725

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Skyline Medical Inc.
		CENTRAL INDEX KEY:			0001446159
		STANDARD INDUSTRIAL CLASSIFICATION:	ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES [3842]
		IRS NUMBER:				331007393
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2915 COMMERS DRIVE,
		STREET 2:		SUITE 900
		CITY:			EAGAN
		STATE:			MN
		ZIP:			55121
		BUSINESS PHONE:		651-389-4800

	MAIL ADDRESS:	
		STREET 1:		2915 COMMERS DRIVE,
		STREET 2:		SUITE 900
		CITY:			EAGAN
		STATE:			MN
		ZIP:			55121

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BioDrain Medical, Inc.
		DATE OF NAME CHANGE:	20080925

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Kornberg Joshua
		CENTRAL INDEX KEY:			0001545669

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-54361
		FILM NUMBER:		14994716

	MAIL ADDRESS:	
		STREET 1:		1 GRAND ARMY PLAZA
		STREET 2:		#9F
		CITY:			BROOKLYN
		STATE:			NY
		ZIP:			11238
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v384765_4.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2014-07-23</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001446159</issuerCik>
        <issuerName>Skyline Medical Inc.</issuerName>
        <issuerTradingSymbol>SKLN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001545669</rptOwnerCik>
            <rptOwnerName>Kornberg Joshua</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1 GRAND ARMY PLAZA</rptOwnerStreet1>
            <rptOwnerStreet2>#9F</rptOwnerStreet2>
            <rptOwnerCity>BROOKLYN</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>11238</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CEO and President</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Senior Convertible Note</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.15</value>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2014-07-23</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>100000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2014-07-23</value>
            </exerciseDate>
            <expirationDate>
                <value>2015-07-23</value>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.01 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>814637</value>
                    <footnoteId id="F1"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.165</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2014-07-23</value>
            </transactionDate>
            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F4"/>
            </transactionCoding>
            <transactionTimeliness></transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>1</value>
                    <footnoteId id="F4"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F4"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2014-07-23</value>
            </exerciseDate>
            <expirationDate>
                <value>2019-07-23</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock, par value $0.01 per share</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>407318</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1</value>
                    <footnoteId id="F4"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">On July 23, 2013, the Issuer issued a senior convertible note in an original principal amount of $122,195.60 (the &quot;Note&quot;) to SOK Partners, LLC (&quot;SOK Partners&quot;) for a purchase price of $100,000.  The Note is convertible at any time after issuance, at the holder's option, into shares (&quot;Shares&quot;) of the Company's common stock, par value $0.01 (&quot;Common Stock&quot;) per share, at a conversion price equal to the lesser of (i) 72.5% (or if an event of default has occurred and is continuing, 70%) of the average of the lowest three volume weighted average prices of the Common Stock during the ten consecutive trading days prior to the conversion date, and (ii) $0.15 (as adjusted for stock splits, stock dividends, recapitalizations or similar events). Up to $13,500 in principal (plus interest accrued thereon) on the Note will be automatically extinguished upon the effectiveness of a resale registration statement within 120 days (assuming the Note are not otherwise in default).</footnote>
        <footnote id="F2">The Note will be due on July 23, 2015; provided, however, this date may be extended at the option of the holder in accordance with the terms of the Note.</footnote>
        <footnote id="F3">Atlantic Partners Alliance LLC is the sole member of SOK Partners. Mr. Kornberg is one of the members of Atlantic Partners Alliance LLC and may therefore be deemed to be an indirect beneficial owner of securities of the Issuer held by SOK Partners. Mr. Kornberg disclaims beneficial ownership of all such securities except to the extent of his pecuniary interest therein.</footnote>
        <footnote id="F4">On July 23, 2013 SOK Partners acquired the Note for an aggregate purchase price of $100,000. In such transaction, SOK Partners was also issued a warrant to initially acquire up to 407,318 additional shares of Common Stock (&quot;Warrant Shares&quot;), exercisable for 5 years, at an exercise price of $0.165 per share (the &quot;Warrant&quot;).  The Warrant may be exercised by the holder on any day on or after the date of issuance. 45,000 Warrant Shares will be automatically extinguished upon the effectiveness of a resale registration statement within 120 days (and a lesser period of time if such registration statement is not subject to review by the U.S. Securities and Exchange Commission).</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Joshua Kornberg</signatureName>
        <signatureDate>2014-07-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
