NEULION, INC. 4
4 · NEULION, INC. · Filed Jun 24, 2015
Insider Transaction Report
Form 4
Hale James Richard
Director10% Owner
Transactions
- Purchase
Common Stock
2015-06-04$1.04/sh+25,840,956$27,001,215→ 61,731,172 total(indirect: By LLC)
Footnotes (2)
- [F1]On June 4, 2015, the stockholders of the Company approved the conversion of a note in the principal amount of $27,000,000 made to the Company by PCF 1, LLC ("PCF") in connection with the Company's acquisition of DivX Corporation from PCF on January 30, 2015. Automatically upon receipt of stockholder approval, all outstanding principal owing on the note was converted to common stock of the Company by dividing the principal by the conversion price of $1.044853 per share of common stock set forth in the note. The resulting quotient of 25,840,956 is the number of shares of common stock issued.
- [F2]The Reporting Person is the managing member of Parallax Holdings, LLC, which is the general partner of Parallax Capital, L.P., which is the general partner of Parallax Capital Fund, L.P., which is a limited liability company member of PCF 1, LLC. The Reporting Person may be deemed to be the indirect beneficial owner of the reported securities by virtue of his indirect control of PCF 1, LLC. The Reporting Person disclaims beneficial ownership of the reported securities to the extent such beneficial ownership exceeds his pecuniary interests therein.