4//SEC Filing
Standard General L.P. 4
Accession 0001567619-22-022132
CIK 0001784254other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 4:15 PM ET
Size
10.8 KB
Accession
0001567619-22-022132
Insider Transaction Report
Form 4
Standard General L.P.
Director10% Owner
Transactions
- Sale
Series A Convertible Preferred Stock
2022-12-28−40,000→ 261,967 total(indirect: See Footnote) - Purchase
Class A Common Stock
2022-12-28$1.20/sh+3,328,728$4,000,132→ 16,798,127 total(indirect: See Footnote)
Holdings
- 5,413,197(indirect: See Footnote)
Class B Common Stock
Kim Soohyung
10% Owner
Transactions
- Purchase
Class A Common Stock
2022-12-28$1.20/sh+3,328,728$4,000,132→ 16,798,127 total(indirect: See Footnote) - Sale
Series A Convertible Preferred Stock
2022-12-28−40,000→ 261,967 total(indirect: See Footnote)
Holdings
- 5,413,197(indirect: See Footnote)
Class B Common Stock
Footnotes (5)
- [F1]Shares of Class B Common Stock are convertible into shares of Class A Common Stock on a one-for-one basis.
- [F2]Each share of Series A Convertible Preferred Stock will be convertible into such number of shares of Class A Common Stock as is determined by dividing (i) the purchase price of the Series A Convertible Preferred Stock plus any accrued dividends by (ii) the average of the volume-weighted average prices of the Class A Common Stock for the last 30 trading days prior to the date of determination, determined as of the fifth business day after the date on which the notice of conversion is given (the "Conversion Formula").
- [F3]On December 28, 2022, the Reporting Persons converted 40,000 shares of Series A Convertible Preferred Stock into 3,328,728 shares of Class A Common Stock at a conversion price of $1.2017 per share, which was determined in accordance with the Conversion Formula.
- [F4]The securities reported herein are beneficially owned by Standard General L.P. ("Standard General"). Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest in such shares, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- [F5]Prior to the conversion reported herein, the number of shares of Series A Convertible Preferred Stock beneficially owned by the Reporting Persons had increased to 301,967 shares pursuant to the terms of the security through the accrual of dividends subject to the exemption from reporting provided under Rule 16a-9.
Documents
Issuer
Mediaco Holding Inc.
CIK 0001784254
Entity typeother
IncorporatedDE
Related Parties
1- filerCIK 0001409888
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 4:15 PM ET
- Size
- 10.8 KB