4//SEC Filing
Bruce A. Cassidy 2013 Irrevocable Trust 4
Accession 0000905718-21-001345
CIK 0001643988other
Filed
Oct 14, 8:00 PM ET
Accepted
Oct 15, 7:50 PM ET
Size
28.9 KB
Accession
0000905718-21-001345
Insider Transaction Report
Form 4
Loop Media, Inc.LPTV
Transactions
- Purchase
4% Convertible Note
2020-12-01Exp: 2022-12-01→ Common Stock - Purchase
Common Stock
2020-09-30$1.25/sh+960,000$1,200,000→ 960,000 total - Other
Series B Preferred Stock
2020-02-05+200,000→ 200,000 total→ Common Stock (20,000,000 underlying) - Gift
Series A Preferred Stock
2020-02-05−30,000→ 16,000 total→ Common Stock - Other
Common Stock
2020-02-05−60,000,000→ 0 total - Other
Common Stock
2021-06-01$2.80/sh+7,982$22,315→ 967,982 total - Other
Series A Preferred Stock
2020-02-05−2,654,000→ 46,000 total→ Common Stock - Sale
Series A Preferred Stock
2020-02-05$3.13/sh−16,000$50,000→ 0 total→ Common Stock - Purchase
Warrant
2020-12-01+68,182→ 68,182 totalExercise: $2.75→ Common Stock (68,182 underlying)
Footnotes (6)
- [F1]On February 5, 2020, Reporting Person exchanged 60,000,000 shares of Common Stock, 2,654,000 shares of Series A Preferred Stock, forgiveness of indebtedness in the amount of $1,000,000 and $1,000,000 in cash for 200,000 shares of Series B Preferred Stock, convertible at any time by Reporting Person into 20,000,000 shares of Common Stock. The Series B Preferred Stock has no expiration date.
- [F2]Shares reported do not reflect the 1 to 1.5 reverse stock split effective 06/08/2020.
- [F3]Each share of Series A Preferred Stock was convertible at any time into 100 shares of Common Stock. The Series A Preferred Stock had no expiration date.
- [F4]7,982 shares of Common Stock received as payment-in-kind interest payments on a senior secured promissory note.
- [F5]Notes may be converted (1) on the Maturity Date based on the average of the VWAP of common stock during each trading day during the thirty (30) trading day period ending one trading day prior to the maturity date; (2) immediately upon a change of control based on the average of the VWAP of common stock during each trading day during the ten (10) trading day period ending one trading day prior to the change of control effective date; and (3) mandatorily at the closing of a qualified IPO at (i) the public offering price per share of the common stock multiplied by (ii) one (1) minus twenty percent (20%).
- [F6]Warrants were issued in connection with a 4% convertible promissory note. The warrants are exercisable at any time at the option of the Reporting Person and expire on the earlier to occur of December 1, 2022 or immediately prior to closing of IPO or upon a change of control.
Documents
Issuer
Loop Media, Inc.
CIK 0001643988
Entity typeother
Related Parties
1- filerCIK 0001795502
Filing Metadata
- Form type
- 4
- Filed
- Oct 14, 8:00 PM ET
- Accepted
- Oct 15, 7:50 PM ET
- Size
- 28.9 KB