Bruce A. Cassidy Sr. - 12 Sep 2023 Form 4/A Insider Report for Loop Media, Inc. (LPTV)

Role
Director, 10%+ Owner
Signature
/s/ Joanne Lytle, Attorney-in Fact
Issuer symbol
LPTV
Transactions as of
12 Sep 2023
Transactions value $
$4,444,060
Form type
4/A
Filing time
22 Dec 2023, 16:30:29
Date Of Original Report
14 Sep 2023
Previous filing
14 Sep 2023
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 $4.44M +6.01M +206.06% $0.74 8.92M 12 Sep 2023 By Excel Family Partners, LLLP F1, F2
holding LPTV Common Stock 2.6M 12 Sep 2023 By Eagle Investment Group, LLC F2
holding LPTV Common Stock 53K 12 Sep 2023 Direct

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 Warrant (right to buy) Award +209K 209K 12 Sep 2023 Common Stock 209K $4.33 By Excel Family Partners LLLP F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares of Common Stock were acquired in connection with a Note Conversion Agreement with the Issuer, pursuant to which the Reporting Person agreed to convert the principal and interest outstanding on a line of credit into shares of Common Stock of the Issuer. The aggregate principal and interest of the line of credit was $4,444,060.
F2 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.
F3 The warrant was acquired in connection with a note issued by the Issuer in favor of Excel Family Partners, LLLP, as coverage for forty percent (40%) of the principal thereunder. The aggregate principal of the note is $2,266,733.

Remarks:

This amendment on Form 4/A is being filed to amend the Form 4 filed on September 14, 2023, solely to correct the number of shares of Common Stock of the Issuer held directly by the Reporting Person, Mr. Cassidy, previously reported in Column 5 of Table I.