Edenbrook Capital, LLC - Dec 15, 2021 Form 4 Insider Report for HEMISPHERE MEDIA GROUP, INC. (HMTV)

Role
10%+ Owner
Signature
Edenbrook Capital, LLC; By: /s/ Jonathan Brolin, Managing Member
Stock symbol
HMTV
Transactions as of
Dec 15, 2021
Transactions value $
$4,112,987
Form type
4
Date filed
12/16/2021, 03:17 PM
Previous filing
Dec 16, 2021
Next filing
Dec 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMTV Class A Common Stock Purchase $4.12M +597K +29.05% $6.89 2.65M Dec 15, 2021 See footnotes 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 HMTV Put Option (Obligation to Buy) Sale -$2.5K -5K -50% $0.50* 5K Dec 15, 2021 Class A Common Stock 500K $5.00 See footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities reported herein are held in the accounts of private funds. Edenbrook Capital, LLC may be deemed to be a beneficial owner of such securities by virtue of its role as the investment manager of such private funds. Jonathan Brolin may be deemed to be a beneficial owner of such securities by virtue of his role as managing member of Edenbrook Capital, LLC. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 for any other purpose.
F2 Price shown equals per share option premium. Each contract represents 100 shares.
F3 The private funds managed by Edenbrook Capital, LLC wrote 5,000 put option contracts expiring in September 2022 which provide that the private funds will be required to purchase shares of Class A Common Stock at the stated strike price if the counterparty exercises such option.