Bradley M. Tirpak - 01 Nov 2021 Form 4 Insider Report for Liberated Syndication Inc. (LSYN)

Role: Chief Executive Officer, Director
Signature: /s/ Bradley Tirpak
Issuer symbol: LSYN
Transactions as of: 01 Nov 2021
Net transactions value: $0
Form type: 4
Filing time: 03 Nov 2021, 19:22:48 UTC
Previous filing: 07 Jun 2021
Next filing: 29 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LSYN	Common Stock	Award	$0	+40,000	+10%	$0.000000	441,667	01 Nov 2021	Direct	F1
transaction	LSYN	Common Stock	Award	$0	+150,000	+34%	$0.000000	591,667	01 Nov 2021	Direct	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	LSYN	Employee Stock Options (right to buy)	Award	$0	+150,000		$0.000000	150,000	01 Nov 2021	Common Stock	150,000	$4.00	Direct	F3
transaction	LSYN	Performance Stock Units	Award	$0	+20,000		$0.000000	20,000	01 Nov 2021	Common Stock	20,000		Direct	F4, F5
transaction	LSYN	Performance Stock Units	Award	$0	+40,000		$0.000000	40,000	01 Nov 2021	Common Stock	40,000		Direct	F4, F5
transaction	LSYN	Performance Stock Units	Award	$0	+60,000		$0.000000	60,000	01 Nov 2021	Common Stock	60,000		Direct	F4, F5
transaction	LSYN	Performance Stock Units	Award	$0	+100,000		$0.000000	100,000	01 Nov 2021	Common Stock	100,000		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock that vests 90 days from the date of grant.
F2	Restricted stock that vests in equal instalments of 50,000 shares on each anniversary of the grant date: 50,000 shares shall vest on November 1, 2022, 50,000 shares shall vest on November 1, 2023,and 50,000 shares shall vest on November 1, 2024.
F3	Stock Options that vest in equal instalments on each anniversary of the grant date: 50,000 options vest on November 1, 2022, 50,000 options vest on November 1, 2023, and 50,000 options vest on November 1, 2024.
F4	Each performance stock unit ("PSU") represents a contingent right to receive one share of LSYN common stock.
F5	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.