Bob Gruters - Jan 21, 2022 Form 3 Insider Report for Loop Media, Inc. (LPTV)

Role
Chief Revenue Officer
Signature
/s/ Joanne Lytle, Attorney-in Fact
Stock symbol
LPTV
Transactions as of
Jan 21, 2022
Transactions value $
$0
Form type
3
Date filed
1/28/2022, 04:05 PM
Next filing
Sep 26, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LPTV Stock Option (right to buy) Jan 21, 2022 Common Stock 600K $2.75 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option is not exercisable until (i) the Issuer files a registration statement on Form S-8 with respect to the shares of common stock issuable upon exercise of the option or such shares of common stock would be exempt from registration and (ii) (A) shares of the Issuer's common stock are listed on a national securities exchange registered under Section 6 of the Securities Exchange Act of 1934 for a period of 9 months, or such shorter period if the expiration date of the option falls within the 9 month period following such listing of the Issuer's shares, provided that the holder of the option agrees not to sell the underlying shares received upon exercise until after such 9 month period, or (B) the option has not been exercised and the option expires in less than 6 months.
F2 The option vests in equal monthly installments for a period of 36 months commencing on June 1, 2021.

Remarks:

Exhibit 24 - Power of Attorney