JON M. NIERMANN - 22 Sep 2022 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Role
Chief Executive Officer, Director
Signature
/s/ Joanne Lytle, Attorney-in Fact
Issuer symbol
LPTV
Transactions as of
22 Sep 2022
Transactions value $
$0
Form type
4
Filing time
26 Sep 2022, 17:26:14 UTC
Previous filing
15 Oct 2021
Next filing
06 Oct 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 Award $0 +350,000 $0 350,000 22 Sep 2022 Direct F1
holding LPTV Common Stock 6,666,667 22 Sep 2022 By Pioneer Productions F2

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 Stock option (right to buy) Award $0 +707,070 $0 707,070 22 Sep 2022 Common Stock 707,070 $4.95 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted 350,000 restricted stock units, which will be settled in shares of the Issuer's common stock. The restricted stock units vest as to 25% on September 22, 2023, with the remainder to vest thereafter in equal quarterly installments over the following three-year period, commencing on the three-month anniversary of September 22, 2023.
F2 Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, 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.
F3 The option fully vested on September 22, 2022.

Remarks:

Shares reported reflect the Issuer's one-for-three reverse stock split effective September 20, 2022.