Jonathan M. Charak - 29 Sep 2021 Form 4 Insider Report for Liberated Syndication Inc. (LSYN)

Role
Chief Financial Officer
Signature
/s/ Jonathan M. Charak
Issuer symbol
LSYN
Transactions as of
29 Sep 2021
Transactions value $
$0
Form type
4
Filing time
07 Oct 2021, 16:05:58 UTC
Next filing
29 Nov 2021
SEC
View on sec.gov

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 LSYN Restricted Stock Units Award $0 +45,000 $0 45,000 29 Sep 2021 Common Stock 45,000 Direct F1, F2
transaction LSYN Performance Stock Units Award $0 +60,000 $0 60,000 29 Sep 2021 Common Stock 60,000 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of LSYN common stock.
F2 The RSUs vest as follows: 10,000 vest on September 29, 2022, 15,000 vest on September 29, 2023 and 20,000 vest on September 29, 2024.
F3 Each performance stock unit ("PSU") represents a contingent right to receive one share of LSYN common stock.
F4 Represents PSUs granted, to be earned, if at all, based on the company's common stock achieving specified prices per share during a three-year period.