Inspired Entertainment, Inc. 4
4 · Inspired Entertainment, Inc. · Filed Dec 28, 2016
Insider Transaction Report
Form 4
SCHLOSS MARTIN E
Executive VP, Sec & GC
Transactions
- Purchase
Warrant
2016-12-23$0.50/sh+300,000$150,000→ 300,000 totalExercise: $5.75From: 2017-01-22Exp: 2021-12-23→ Common Stock (0.5 underlying)
Footnotes (2)
- [F1]In connection with the Issuer's IPO on October 24, 2014, Mr. Schloss acquired 300,000 warrants, for an aggregate purchase price of $150,000, that could only become eligible for exercise upon consummation of the Issuer's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.
- [F2]The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).