Snap Interactive, Inc 4
4 · Snap Interactive, Inc · Filed Oct 12, 2016
Insider Transaction Report
Form 4
Laifer Lance
Director
Transactions
- Award
Common Stock
2016-10-07+13,575,382→ 13,575,382 total(indirect: See footnote) - Award
Common Stock
2016-10-07+507,000→ 507,000 total(indirect: See footnote)
Footnotes (3)
- [F1]Received in exchange for 91,540 shares of the common stock of A.V.M. Software, Inc. ("AVM") owned by Hilltop Partners, L.P. pursuant to that certain Agreement and Plan of Merger dated as of September 13, 2016 by and among Snap Interactive, Inc. (the "Issuer"), SAVM Acquisition Corporation (a wholly-owned subsidiary of the Issuer), AVM, and Jason Katz as the representative of AVM (the "Merger Agreement"), of which 1,335,272 shares are currently being held in escrow pursuant to the Merger Agreement.
- [F2]Received in exchange for 3,418.74 shares of the common stock of AVM owned by Hilltop Offshore, Ltd. pursuant to the Merger Agreement, of which 49,867 shares are currently being held in escrow pursuant to the Merger Agreement.
- [F3]The Reporting Person, as sole director and principal stockholder of Laifer Capital Management, Inc. ("LCM"), is the beneficial owner of an aggregate of 14,082,382 shares of the common stock of the Issuer. LCM has the sole power (i) to vote and to direct the voting of and (ii) to dispose and to direct the disposition of, the shares of the Issuer's common stock beneficially owned by Hilltop Partners, L.P. (of which entity LCM serves as general partner and investment adviser) and Hilltop Offshore, Ltd. (of which entity LCM serves as investment adviser).