SOCIAL REALITY, Inc. 4
4 · SOCIAL REALITY, Inc. · Filed Dec 30, 2015
Insider Transaction Report
Form 4
MIGLINO CHRISTOPHER
DirectorSee Remarks10% Owner
Transactions
- Other
Class A common stock
2015-12-28−100,000→ 5,500,000 total(indirect: See footnote) - Other
Class A common stock
2015-12-28−200,000→ 5,600,000 total(indirect: See footnote) - Gift
Class A common stock
2015-12-28−73,794→ 5,426,206 total
Footnotes (3)
- [F1]Represented shares of Social Reality, Inc.'s Class A common stock issued to Universal Curve LLC under the terms of the Share Acquisition and Exchange Agreement dated December 19, 2014 by and between Social Reality, Inc., Five Delta, Inc. and the stockholders of Five Delta, Inc. (the "Five Delta Agreement"). Under the terms of the Five Delta Agreement, these shares were deposited in escrow and were subject to forfeiture if certain post closing conditions, as set forth in the Five Delta Agreement, are not satisfied. While these shares were held in escrow, Mr. Miglino held voting power over such shares. On December 28, 2015, following the satisfaction of the post closing conditions, the shares were released from the escrow account.
- [F2]Represented shares of Social Reality, Inc.'s Class A common stock issued to Brock Pierce under the terms of the Five Delta Agreement. Under the terms of the Five Delta Agreement, these shares were deposited in escrow and were subject to forfeiture if certain post closing conditions, as set forth in the Five Delta Agreement, were not satisfied. While these shares were held in escrow, Mr. Miglino held voting power over such shares. On December 28, 2015, following the satisfaction of the post closing conditions, the shares were released from the escrow account.
- [F3]Represents shares of Social Reality, Inc.'s Class A common stock contributed as a charitable gift by Mr. Miglino. The market value of Social Reality's Class A common stock on the date of such gift was $107,001.30; however, Mr. Miglino did not receive any cash consideration for the gift of these shares.