Form 4 for LVO LiveOne, Inc.
Accepted 2021-08-17 00:00:00 ET · period of report 2021-08-16 · accession 0001213900-21-043530 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2021-08-17 | 2021-08-16 | LVO | BEBEL MICHAEL J | Senior EVP | J - Other | $2.94 | -49.9K | 219.2K | -19% | -$146.8K |
| DM | 2021-08-17 | 2021-08-16 | LVO | BEBEL MICHAEL J | Senior EVP | M - OptEx | — | +97.2K | 262.1K | +59% | — |
| DM | 2021-08-17 | 2021-08-16 | LVO | BEBEL MICHAEL J | Senior EVP | M - OptEx | $0.00 | -97.2K | 0 | -100% | $0 |
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, $0.001 par value | 2021-08-16 | J | D | 7,080 | $2.94 | 225,989 | D | — | — | (F4) On the reported date these shares were sold by the Issuer's broker into the open market solely to satisfy the Reporting Person's required tax withholding in connection with the settlement of the RSUs as reported in footnotes 2 and 3. The sale price represents a weighted average price as multiple executions were involved in completing the sale transaction. Additional detail regarding the individual execution prices is available upon request. |
| 2 | Common | Common Stock, $0.001 par value | 2021-08-16 | J | D | 42,850 | $2.94 | 219,227 | D | — | — | (F4) On the reported date these shares were sold by the Issuer's broker into the open market solely to satisfy the Reporting Person's required tax withholding in connection with the settlement of the RSUs as reported in footnotes 2 and 3. The sale price represents a weighted average price as multiple executions were involved in completing the sale transaction. Additional detail regarding the individual execution prices is available upon request. |
| 3 | Common | Common Stock, $0.001 par value | 2021-08-16 | M | A | 13,842 | — | 233,069 | D | — | — | (F1) Restricted Stock Units convert into Common Stock on a one-for-one basis. |
| 4 | Common | Common Stock, $0.001 par value | 2021-08-16 | M | A | 83,378 | — | 262,077 | D | — | — | (F1) Restricted Stock Units convert into Common Stock on a one-for-one basis. |
| 5 | Derivative | Restricted Stock Units | 2021-08-16 | M | D | 83,378 | $0.00 | 125,067 | D | — · — to — | 83,378 Common Stock, $0.001 par value | (F1) Restricted Stock Units convert into Common Stock on a one-for-one basis. (F2) These Restricted Stock Units (the "RSUs") were granted pursuant to the Reporting Person's Employment Agreement, dated as of January 28, 2019 (the "EA"), and collectively represent the next portion of the unvested RSUs that vested as of August 2021. Each vested RSU was settled by the Issuer on the reported date by delivery to the Reporting Person of one share of the Issuer's common stock. The remaining restricted stock units granted pursuant to the EA vest as provided therein and previously reported on the Reporting Person's Form 4 filed with the U.S. Securities and Exchange Commission on February 8, 2019. |
| 6 | Derivative | Restricted Stock Units | 2021-08-16 | M | D | 13,842 | $0.00 | 0 | D | — · — to — | 13,842 Common Stock, $0.001 par value | (F1) Restricted Stock Units convert into Common Stock on a one-for-one basis. (F3) These RSUs were issued by the Issuer to the Reporting Person pursuant to his agreement to accept 50% of his monthly base salary in equity of the Issuer for the period from April 1, 2020 through July 31, 2020. These RSUs vested in August 2021 and were settled by the Issuer on the reported date by delivery to the Reporting Person of one share of the Issuer's common stock. |