Form 4 for TOON Kartoon Studios, Inc.
Accepted 2022-01-21 00:00:00 ET · period of report 2021-12-07 · accession 0001683168-22-000365 · 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 | 2022-01-21 | 2021-12-07 | TOON | Heyward Andy | CEO, COB, Dir | M - OptEx | — | +937.5K | 14.40M | +7% | — |
| D | 2022-01-21 | 2021-12-07 | TOON | Heyward Andy | CEO, COB, Dir | M - OptEx | $0.00 | -937.5K | 14.06M | -6% | $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, par value $0.001 per share | 2021-12-07 | M | A | 937,500 | — | 14,401,782 | D | — | — | (F1) Each restricted stock unit represents a contingent right to receive one share of GNUS common stock. |
| 2 | Derivative | Restricted Stock Units | 2021-12-07 | M | D | 937,500 | $0.00 | 14,062,500 | D | — · — to — | 937,500 Common Stock, par value $0.001 per share | (F1) Each restricted stock unit represents a contingent right to receive one share of GNUS common stock. (F4) On December 7, 2020, the Reporting Person was granted 15,000,000 restricted stock units pursuant to a restricted stock unit agreement, of which (i) 7,500,000 shares vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, and (ii) 7,500,000 shares (characterized as Performance Shares in previous Form 4) vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, based on the achievement of certain performance goals, each subject to the Reporting Person's continued employment. Such agreement was amended and restated in June 2021 to revise the vesting provisions so that (i) an aggregate of 3,750,000 shares vested in four equal installments on the first, second, third and fourth anniversaries of December 7, 2020, and (ii) an aggregate of 11,250,000 shares vested based on achievement of certain performance goals, each subject to the Reporting Person's continued employment. |