Moon David 4
4 · Allied Esports Entertainment, Inc. · Filed Aug 20, 2019
Insider Transaction Report
Form 4
Moon David
Chief Operating Officer
Transactions
- Award
Common Stock
2019-08-09+65,992→ 65,992 total - Award
Warrants
2019-08-09$11.50/sh+21,613$248,550→ 21,613 totalExercise: $11.50From: 2019-09-09Exp: 2024-08-09→ Common Stock (21,613 underlying)
Footnotes (2)
- [F1]The reporting person acquired 65,992 shares of issuer common stock in exchange for 65,992 shares of Allied Esports Media, Inc. ("AEM") previously held by the reporting person pursuant to AEM's merger with the issuer. Of the 65,992 shares issued to the reporting person in the merger, 6,599 shares are currently being held in escrow and are subject to forfeiture during the one-year period following the merger to satisfy claims arising as a result of AEM's breach of the merger agreement. Excludes 21,875 additional shares of the issuer's common stock that the reporting person, as a former shareholder of AEM, will be entitled to receive as additional consideration under the merger agreement if the last reported sales price of the issuer's Common Stock equals or exceeds $13.00 per share (as adjusted for stock splits, stock dividends, reorganizations, and recapitalizations) for any consecutive 30 calendar days during the 5-year period commencing on 9/9/19.
- [F2]The reporting person acquired warrants to purchase 21,613 shares of issuer common stock in exchange for 65,992 shares of AEM previously held by the reporting person pursuant to AEM's merger with and into the issuer. Of the 21,613 warrants issued to the reporting person in the merger, 2,161 shares are currently being held in escrow and are subject to forfeiture during the one-year period following the merger to satisfy claims arising as a result of AEM's breach of any of its representations and warranties or covenants in the merger agreement. The closing price of the warrants on August 9, 2019 was $0.02005.