Form 4 for JAKK JAKKS PACIFIC INC
Accepted 2021-10-27 00:00:00 ET · period of report 2021-01-01 · accession 0001185185-21-001539 · 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 | 2021-10-27 | 2021-09-24 | JAKK | BERMAN STEPHEN G | CEO, Pres, Sec, Dir | M - OptEx | $12.30 | -330.4K | 135.2K | -71% | -$4.06M |
| D | 2021-10-27 | 2021-01-01 | JAKK | BERMAN STEPHEN G | CEO, Pres, Sec, Dir | D - Sale to Iss | $4.98 | -72.6K | 465.6K | -13% | -$361.6K |
| D | 2021-10-27 | 2021-09-24 | JAKK | BERMAN STEPHEN G | CEO, Pres, Sec, Dir | J - Other | — | +330.4K | 330.4K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2021-09-24 | M | D | 330,406 | $12.30 | 135,227 | D | — | — | (F4) All share amounts have been adjusted to reflect the 1-10 reverse split effective July 9, 2020. (F1) Represents the closing price of the Issuer's common stock on such date, as reported by Nasdaq. (F5) Disposition was the result of the conversion of restricted stock awards into RSUs. See Table II. (F2) Certain of these shares may be restricted from transfer pursuant to the minimum stock ownership provision in Holder's Employment Agreement with the Issuer. |
| 2 | Common | Common Stock | 2021-01-01 | D | D | 72,608 | $4.98 | 465,633 | D | — | — | (F3) Reflects the forfeiture of 72,608 shares issued pursuant to the terms of Holder's Employment Agreement that failed to vest pursuant to the terms of that certain January 1, 2019 Restricted Stock Award Agreement by and between the Holder and the Issuer. Though calculation re vesting/forfeiture based upon performance could not be made until financial statements completed, forfeiture deemed affective as of such date. (F1) Represents the closing price of the Issuer's common stock on such date, as reported by Nasdaq. (F2) Certain of these shares may be restricted from transfer pursuant to the minimum stock ownership provision in Holder's Employment Agreement with the Issuer. (F4) All share amounts have been adjusted to reflect the 1-10 reverse split effective July 9, 2020. |
| 3 | Derivative | Restricted Stock Units ("RSU") | 2021-09-24 | J | A | 330,406 | — | 330,406 | D | — · — to — | 330,406 Common Stock | (F7) RSUs vest equally over four years from date of grant of original restricted stock award and upon vesting convert into shares of common stock at no cost. (F5) Disposition was the result of the conversion of restricted stock awards into RSUs. See Table II. (F6) Pursuant to an amendment of Holder's Employment Agreement, existing shares of restricted stock were cancelled and replaced with an equivalent number of RSUs, which RSUs are subject to the exact same vesting provisions as the cancelled shares of restricted stock. |