NEULION, INC. 4
4 · NEULION, INC. · Filed Nov 20, 2015
Insider Transaction Report
Form 4
WANG CHARLES B
Director10% Owner
Transactions
- Other
Class 3 Preference Shares
2015-11-19−6,313,875→ 0 total(indirect: By JK&B Capital V Special Opportunity Fund, L.P.) - Other
Class 4 Preference Shares
2015-11-19−4,035,356→ 0 total(indirect: By JK&B Capital V Special Opportunity Fund, L.P.) - Other
Common Stock
2015-11-19+15,534,956→ 15,534,956 total(indirect: By JK&B Capital V Special Opportunity Fund, L.P.)
Holdings
- 12,974,970
Common Stock
- 22,820,650(indirect: By LLC)
Common Stock
- 40,206,096(indirect: By Spouse)
Common Stock
- 750,000(indirect: By Spouse)
Restricted Common Stock
- 128,020(indirect: By Trust)
Common Stock
- 128,020(indirect: By Trust)
Common Stock
Footnotes (5)
- [F1]JK&B Capital V Special Opportunity Fund, L.P. is a limited partnership that is not controlled by Mr. Wang. Mr. Wang has a pecuniary interest of 85% in such fund.
- [F2]AvantaLion LLC is a Delaware limited liability company controlled by Mr. Wang.
- [F3]Mr. Wang disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Wang is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- [F4]Mr. Wang is the trustee for the two trusts and his grandchildren are the beneficiaries of the trusts.
- [F5]On November 19, 2015, the issuer executed a Conversion and Settlement Agreement with the holders of its Class 3 and Class 4 Preference Shares (collectively, the "Preference Shares"), whereby these holders agreed to convert their Preference Shares for (i) shares of the issuer's common stock ("Common Stock"), on a 1-to-1 basis, and (ii) aggregate consideration totaling $4,130,600 paid in the form of 8,176,210 shares of Common Stock (the "Additional Shares"). In the transaction: (i) as to the Class 3 Preference Shares, JK&B Capital V Special Opportunity Fund, L.P. ("JK&B") received 7,341,715 shares of Common Stock pursuant to the conversion as well as 2,452,404 Additional Shares; and (ii) as to the Class 4 Preference Shares, JK&B received 4,692,274 shares of Common Stock pursuant to the conversion as well as 1,048,563 Additional Shares. JK&B is a limited partnership that is not controlled by Mr. Wang, who has a pecuniary interest of 85% in such fund.