Bruce Cassidy - Feb 24, 2022 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Role
Director, 10%+ Owner
Signature
/s/ Joanne Lytle, Attorney-in Fact
Stock symbol
LPTV
Transactions as of
Feb 24, 2022
Transactions value $
$70,493
Form type
4
Date filed
2/28/2022, 08:49 PM
Previous filing
Feb 28, 2022
Next filing
Apr 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTV Common Stock Other $22.5K +9.44K +0.98% $2.38 977K Feb 24, 2022 By Bruce A. Cassidy 2013 Irrevocable Trust dated June 18, 2013 F1, F2
transaction LPTV Common Stock Other $48K +20.1K +0.33% $2.38 6.06M Feb 24, 2022 By Excel Family Partners LLLP F1, F2

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
transaction LPTV Warrant Other +68.2K 68.2K Feb 24, 2022 Common Stock 68.2K $2.75 By Bruce A. Cassidy 2013 Irrevocable Trust dated June 18, 2013 F1, F3, F4
transaction LPTV Warrant Other -68.2K -50% 68.2K Feb 24, 2022 Common Stock 68.2K $2.75 By Bruce A. Cassidy 2013 Irrevocable Trust dated June 18, 2013 F1, F3, F4
transaction LPTV Warrant Other +2.67M 2.67M Feb 24, 2022 Common Stock 2.67M $0.75 By Eagle Investment Group, LLC F1, F5, F6
transaction LPTV Warrant Other -2.67M -50% 2.67M Feb 24, 2022 Common Stock 2.67M $0.75 By Eagle Investment Group, LLC F1, F5, F6
transaction LPTV Warrant Other +72.7K 72.7K Feb 24, 2022 Common Stock 72.7K $2.75 By Excel Family Partners LLLP F1, F4, F7
transaction LPTV Warrant Other -72.7K -50% 72.7K Feb 24, 2022 Common Stock 72.7K $2.75 By Excel Family Partners LLLP F1, F4, F7
transaction LPTV Warrant Other +36.4K 36.4K Feb 24, 2022 Common Stock 36.4K $2.75 By Excel Family Partners LLLP F1, F4, F7
transaction LPTV Warrant Other -36.4K -50% 36.4K Feb 24, 2022 Common Stock 36.4K $2.75 By Excel Family Partners LLLP F1, F4, F7
transaction LPTV Warrant Other +36.4K 36.4K Feb 24, 2022 Common Stock 36.4K $2.75 By Excel Family Partners LLLP F1, F4, F7
transaction LPTV Warrant Other -36.4K -50% 36.4K Feb 24, 2022 Common Stock 36.4K $2.75 By Excel Family Partners LLLP F1, F4, F7
* 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 Shares of Common Stock received as payment-in-kind interest payments on senior secured promissory notes.
F3 The two reported transactions involved an amendment and restatement of an outstanding warrant to purchase the Issuer's common, which amended the expiration date of the original warrant, resulting in the deemed cancellation of the Original Warrant and the grant of a replacement warrant (the "Replacement Warrant"). The Replacement Warrant expires on the earlier of December 1, 2024 and upon a change of control. These transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Act") under Rule 16b-3 under the Act. (4) The warrant was issued in connection with a convertible promissory note.
F4 The warrant was issued in connection with a convertible promissory note.
F5 The two reported transactions involved an amendment and restatement of an outstanding warrant to purchase the Issuer's common stock, which amended the expiration terms of the original warrant, resulting in the deemed cancellation of the original warrant and the grant of a replacement warrant (the "Replacement Warrant"). The Replacement Warrant expires on the earlier of March 11, 2030 and upon a change of control. These transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Act") under Rule 16b-3 under the Act.
F6 Warrant was issued in connection with merger in consideration for the cancellation of indebtedness in the principal amount of $180,000.
F7 The two reported transactions involved an amendment and restatement of an outstanding warrant to purchase the Issuer's common stock which amended the expiration date of the original warrant, resulting in the deemed cancellation of the original warrant and the grant of a replacement warrant (the "Replacement Warrant"). The Replacement Warrant expires on the earlier of December 1, 2024 and upon a change of control. These transactions are exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Act") under Rule 16b-3 under the Act.