Bruce Cassidy - Sep 26, 2022 Form 4/A - Amendment Insider Report for Loop Media, Inc. (LPTV)

Role
Director, 10%+ Owner
Signature
/s/ Joanne Lytle, Attorney-in Fact
Stock symbol
LPTV
Transactions as of
Sep 26, 2022
Transactions value $
$2,299,993
Form type
4/A - Amendment
Date filed
9/22/2023, 05:00 PM
Date Of Original Report
Sep 28, 2022
Previous filing
Sep 14, 2022
Next filing
Jan 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LPTV Common Stock Conversion of derivative security $427K +107K +5.27% $4.00 2.13M Sep 26, 2022 By Excel Family Partners LLP F1
transaction LPTV Common Stock Conversion of derivative security $431K +108K +5.05% $4.00 2.24M Sep 26, 2022 By Excel Family Partners LLP F1
transaction LPTV Common Stock Conversion of derivative security $861K +215K +9.61% $4.00 2.45M Sep 26, 2022 By Excel Family Partners LLP F1
transaction LPTV Common Stock Purchase $2.3M +460K +18.74% $5.00 2.91M Sep 26, 2022 By Excel Family Partners LLP F1
holding LPTV Common Stock 2.6M Sep 26, 2022 By Eagle Investment Group, LLC 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 4% Convertible Note Conversion of derivative security -$427K 0 Sep 26, 2022 Common Stock 107K By Excel Family Partners LLP F1, F2
transaction LPTV 4% Convertible Note Conversion of derivative security -$431K 0 Sep 26, 2022 Common Stock 108K By Excel Family Partners LLP F1, F2
transaction LPTV 4% Convertible Note Conversion of derivative security -$861K 0 Sep 26, 2022 Common Stock 215K By Excel Family Partners LLP F1, F2
* 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 his pecuniary interest therein, if any, 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 convertible note was to automatically convert to shares of the Issuer's common stock on the earlier to occur of (1) December 1, 2022, (2) a change of control of the Issuer or (3) a closing of a qualified IPO of the Issuer.

Remarks:

Shares reported reflect the Issuer's one-for-three reverse stock split effective September 20, 2022. This amendment to the original Form 4 filed by the Reporting Person on September 26, 2022 (the "Original Form 4"), is being filed remove the previously reported securities of the Issuer held by the Bruce A. Cassidy 2013 Irrevocable Trust Dated June 18, 2013, an Ohio Legacy Trust Company (the "Cassidy Trust"), from Mr. Cassidy's beneficial ownership because a third-party trustee (and not Mr. Cassidy or any member of his immediate family sharing his household) has voting and dispositive power over all securities held by the Cassidy Trust.