Bruce A. Cassidy Sr. - 26 Sep 2022 Form 4/A - Amendment Insider Report for Loop Media, Inc. (LPTV)

Role
Director, 10%+ Owner
Signature
/s/ Joanne Lytle, Attorney-in Fact
Issuer symbol
LPTV
Transactions as of
26 Sep 2022
Transactions value $
$2,299,993
Form type
4/A - Amendment
Filing time
22 Sep 2023, 18:00:34 UTC
Date Of Original Report
28 Sep 2022
Previous filing
14 Sep 2022
Next filing
05 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTV Common Stock Conversion of derivative security $427K +107K +5.27% $4.00 2.13M 26 Sep 2022 By Excel Family Partners LLP F1
transaction LPTV Common Stock Conversion of derivative security $431K +108K +5.05% $4.00 2.24M 26 Sep 2022 By Excel Family Partners LLP F1
transaction LPTV Common Stock Conversion of derivative security $861K +215K +9.61% $4.00 2.45M 26 Sep 2022 By Excel Family Partners LLP F1
transaction LPTV Common Stock Purchase $2.3M +460K +18.74% $5.00 2.91M 26 Sep 2022 By Excel Family Partners LLP F1
holding LPTV Common Stock 2.6M 26 Sep 2022 By Eagle Investment Group, LLC F1

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
transaction LPTV 4% Convertible Note Conversion of derivative security -$427K 0 26 Sep 2022 Common Stock 107K By Excel Family Partners LLP F1, F2
transaction LPTV 4% Convertible Note Conversion of derivative security -$431K 0 26 Sep 2022 Common Stock 108K By Excel Family Partners LLP F1, F2
transaction LPTV 4% Convertible Note Conversion of derivative security -$861K 0 26 Sep 2022 Common Stock 215K By Excel Family Partners LLP F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 The convertible note was to automatically convert to shares of the Issuer's common stock on the earlier to occur of (1) December 1, 2022, (2) a change of control of the Issuer or (3) a closing of a qualified IPO of the Issuer.

Remarks:

Shares reported reflect the Issuer's one-for-three reverse stock split effective September 20, 2022. This amendment to the original Form 4 filed by the Reporting Person on September 26, 2022 (the "Original Form 4"), is being filed remove the previously reported securities of the Issuer held by the Bruce A. Cassidy 2013 Irrevocable Trust Dated June 18, 2013, an Ohio Legacy Trust Company (the "Cassidy Trust"), from Mr. Cassidy's beneficial ownership because a third-party trustee (and not Mr. Cassidy or any member of his immediate family sharing his household) has voting and dispositive power over all securities held by the Cassidy Trust.