Hale James 4
4 · NEULION, INC. · Filed May 9, 2018
Insider Transaction Report
Form 4
Hale James Richard
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2018-05-07$0.84/sh−250,817$210,686→ 0 total - Disposition to Issuer
Common Stock
2018-05-07$0.84/sh−1,747,000$1,467,480→ 0 total(indirect: By Parallax Capital Fund, L.P.) - Disposition to Issuer
Common Stock
2018-05-07$0.84/sh−61,731,172$51,854,184→ 0 total(indirect: By LLC)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of March 26, 2018 (the "Merger Agreement"), by and among the Company, WME Entertainment Parent, LLC, a Delaware limited liability company ("Parent"), and Lion Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Parent ("Merger Sub"), on May 7, 2018, Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, par value $0.01 per share, of the Company was canceled and converted automatically into the right to receive $0.84 per share in cash without interest and less any applicable tax withholdings.
- [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 Parallax Capital Fund, L.P. and PCF 1, LLC. The Reporting Person disclaims beneficial ownership of the reported securities to the extent such beneficial ownership exceeds his pecuniary interests therein.