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

Role
Head of Loop Studios
Signature
/s/ Joanne Lytle, Attorney-in Fact
Issuer symbol
LPTV
Transactions as of
21 Jan 2022
Net transactions value
$0
Form type
3
Filing time
28 Jan 2022, 16:09:19 UTC
Next filing
26 Sep 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding LPTV Common Stock 104,700 21 Jan 2022 By Schuon 2014 Trust F1

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) 21 Jan 2022 Common Stock 3,000,000 $1.10 Direct F2, F3
holding LPTV Stock Option (right to buy) 21 Jan 2022 Common Stock 133,333 $0.5700 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting Person disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
F2 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.
F3 The option vests as to 25% on March 1, 2021, with the remainder to vest thereafter in 36 equal monthly installments commencing April 1, 2021.
F4 The option vested as to 100% on March 1, 2021.

Remarks:

Exhibit 24 - Power of Attorney