STEPHEN G. BERMAN - 01 Jan 2022 Form 4 Insider Report for JAKKS PACIFIC INC (JAKK)

Role
CEO, President and Secretary, Director
Signature
/s/ Stephen G. Berman
Issuer symbol
JAKK
Transactions as of
01 Jan 2022
Net transactions value
+$1,596,418
Form type
4
Filing time
04 Jan 2022, 20:37:19 UTC
Previous filing
27 Oct 2021
Next filing
07 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JAKK Common Stock Options Exercise $744,342 +73,262 +54% $10.16 208,489 01 Jan 2022 Direct F1, F2, F3
transaction JAKK Common Stock Tax liability $353,913 -34,834 -17% $10.16 173,655 01 Jan 2022 Direct F2, F3, F4
transaction JAKK Common Stock Sale $106,272 -10,368 -6% $10.25 163,287 03 Jan 2022 Direct F3, F5, F6
transaction JAKK Common Stock Sale $119,851 -11,469 -7% $10.45 151,818 04 Jan 2022 Direct F3, F5, F6

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") Award $2,176,455 +214,218 $10.16 214,218 01 Jan 2022 Common Stock 214,218 Direct F3, F7, F8, F9, F10
transaction JAKK RSU Options Exercise $744,342 -73,262 -34% $10.16 140,956 01 Jan 2022 Common Stock 73,262 Direct F2, F3, F7, F10, F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares underlying RSUs previously reported which vested.
F2 Represents the closing price of the Company's common stock for the trading day preceding the date of vest, as reported by NASDAQ.
F3 Certain of the underlying shares may be restricted from transfer pursuant to the minimum stock ownership provisions adopted by the Company's Board of Directors.
F4 Represents that number of shares surrendered by the Holder in order to satisfy a tax withholding obligation, as permitted by the terms of a previously reported RSU Agreement by and between the Holder and the Issuer.
F5 Sale made pursuant to an exempt Selling Plan under Rule 10b5-1.
F6 Represents the average sale price for multiple sales made this day. Exact sales data to be provided to the staff of the Securities and Exchange Commission upon request.
F7 Issued under the Company's 2002 Stock Award and Incentive Plan and is subject to the terms of Agreement for Award of Restricted Stock Units between Issuer and Reporting Person. In accordance with such Agreement, securities so issued will have no voting rights and may not be sold, mortgaged, pledged, transferred or otherwise encumbered prior to vesting.
F8 RSUs will vest in 3 equal annual installments commencing on the first anniversary of the date of grant and on the second and third anniversaries thereafter. The Reporting Person must be employed by Issuer for an RSU to vest.
F9 Represents the closing price of the Company's common stock for the trading day preceding the date of grant, as reported by NASDAQ.
F10 Does not include additional RSUs previously granted and reported with different vesting terms.
F11 Vested according to the terms of the RSU described in a previous filing.

Remarks:

All numbers have been adjusted to reflect the 1-for-10 reverse stock split that was effective July 9, 2020.