Stephen G. Berman - Jan 1, 2021 Form 4 Insider Report for JAKKS PACIFIC INC (JAKK)

Role: CEO, President and Secretary, Director
Signature: /s/ Stephen G. Berman
Stock symbol: JAKK
Transactions as of: Jan 1, 2021
Transactions value $: -$4,425,582
Form type: 4
Date filed: 10/27/2021, 07:47 PM
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	JAKK	Common Stock	Disposed to Issuer	-$362K	-72.6K	-13.49%	$4.98	466K	Jan 1, 2021	Direct	F1, F2, F3, F4
transaction	JAKK	Common Stock	Options Exercise	-$4.06M	-330K	-70.96%	$12.30	135K	Sep 24, 2021	Direct	F1, F2, F4, F5

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	JAKK	Restricted Stock Units ("RSU")	Other		+330K			330K	Sep 24, 2021	Common Stock	330K		Direct	F2, F5, F6, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the closing price of the Issuer's common stock on such date, as reported by Nasdaq.
F2	Certain of these shares may be restricted from transfer pursuant to the minimum stock ownership provision in Holder's Employment Agreement with the Issuer.
F3	Reflects the forfeiture of 72,608 shares issued pursuant to the terms of Holder's Employment Agreement that failed to vest pursuant to the terms of that certain January 1, 2019 Restricted Stock Award Agreement by and between the Holder and the Issuer. Though calculation re vesting/forfeiture based upon performance could not be made until financial statements completed, forfeiture deemed affective as of such date.
F4	All share amounts have been adjusted to reflect the 1-10 reverse split effective July 9, 2020.
F5	Disposition was the result of the conversion of restricted stock awards into RSUs. See Table II.
F6	Pursuant to an amendment of Holder's Employment Agreement, existing shares of restricted stock were cancelled and replaced with an equivalent number of RSUs, which RSUs are subject to the exact same vesting provisions as the cancelled shares of restricted stock.
F7	RSUs vest equally over four years from date of grant of original restricted stock award and upon vesting convert into shares of common stock at no cost.