Bruce A. Cassidy 2013 Irrevocable Trust 4
4 · Loop Media, Inc. · Filed Feb 28, 2022
Insider Transaction Report
Form 4
Loop Media, Inc.LPTV
Transactions
- Other
Common Stock
2022-02-24$2.38/sh+9,442$22,499→ 977,424 total - Other
Warrant
2022-02-24+68,182→ 68,182 totalExercise: $2.75→ Common Stock (68,182 underlying) - Other
Warrant
2022-02-24−68,182→ 68,182 totalExercise: $2.75→ Common Stock (68,182 underlying)
Footnotes (3)
- [F1]Shares of Common Stock received as payment-in-kind interest payments on senior secured promissory notes.
- [F2]The two reported transactions involved an amendment and restatement of an outstanding warrant to purchase the Issuer's common stock (the "Original Warrant"), which amended the expiration date of the Original Warrant, resulting in the deemed cancellation of the Original Warrant and the grant of a replacement warrant (the "Replacement Warrant"). The Replacement Warrant expires on the earlier of December 1, 2024 and upon a change of control. These transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Act") under Rule 16b-3 under the Act.
- [F3]The warrant was issued in connection with a convertible promissory note.