Bruce A. Cassidy 2013 Irrevocable Trust - 24 Feb 2022 Form 4 Insider Report for Loop Media, Inc. (LPTV)

Role
10%+ Owner
Signature
/s/ Joanne Lytle, Attorney-in Fact
Issuer symbol
LPTV
Transactions as of
24 Feb 2022
Net transactions value
+$22,499
Form type
4
Filing time
28 Feb 2022, 20:53:05 UTC
Previous filing
15 Oct 2021
Next filing
13 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTV Common Stock Other $22,499 +9,442 +0.98% $2.38 977,424 24 Feb 2022 Direct 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
transaction LPTV Warrant Other +68,182 68,182 24 Feb 2022 Common Stock 68,182 $2.75 Direct F2, F3
transaction LPTV Warrant Other -68,182 -50% 68,182 24 Feb 2022 Common Stock 68,182 $2.75 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares of Common Stock received as payment-in-kind interest payments on senior secured promissory notes.
F2 The two reported transactions involved an amendment and restatement of an outstanding warrant to purchase the Issuer's common stock (the "Original Warrant"), 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.
F3 The warrant was issued in connection with a convertible promissory note.