Form 4 for LUCK Lucky Strike Entertainment Corp

Accepted 2022-04-21 00:00:00 ET · period of report 2022-04-14 · accession 0001062993-22-010621 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2022-04-21	2022-04-14	LUCK	Shannon Thomas F.	CEO, Dir, 10%	C - Cnv Deriv	—	+2.40M	2.40M	New	—
D	2022-04-21	2022-04-14	LUCK	Shannon Thomas F.	CEO, Dir, 10%	C - Cnv Deriv	—	-2.40M	3.44M	-41%	—

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Class A Common Stock	2022-04-14	C	A	2,400,000	—	2,400,000	D	—	—	(F1) Represents the conversion of Class B Common Stock (as defined below) into Class A Common Stock (as defined below) held of record by the Reporting Persons.
2	Derivative	Class B Common Stock	2022-04-14	C	D	2,400,000	—	3,439,993	D	— · — to 2026-12-15	2,400,000 Class A Common Stock	(F3) Represents shares of Class B Common Stock of the Issuer received in exchange for shares of capital stock of Bowlero. Corp ("Legacy Bowlero") in connection with the acquisition by the Issuer of Legacy Bowlero (the "Acquisition"). (F2) The shares of Class B Common Stock, par value $0.0001 per share ("Class B Common Stock") are convertible into shares of the Issuer's Class A Common Stock, par value $0.0001 per share ("Class A Common Stock") at the option of the holder on a one-to-one basis, and will automatically convert to shares of Class A Common Stock upon (i) Mr. Shannon ceasing to beneficially own at least 10% of the Issuer's outstanding common stock, (ii) the death or disability of Mr. Shannon, (iii) the employment of Mr. Shannon as the CEO of the Issuer being terminated for cause, and (iv) the fifteenth anniversary of the closing of the Acquisition (as defined below).