Stephen G. Berman - Jan 1, 2022 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, 2022
Transactions value $
$1,596,418
Form type
4
Date filed
1/4/2022, 08:37 PM
Previous filing
Oct 27, 2021
Next filing
Jan 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JAKK Common Stock Options Exercise $744K +73.3K +54.18% $10.16 208K Jan 1, 2022 Direct F1, F2, F3
transaction JAKK Common Stock Tax liability -$354K -34.8K -16.71% $10.16 174K Jan 1, 2022 Direct F2, F3, F4
transaction JAKK Common Stock Sale -$106K -10.4K -5.97% $10.25 163K Jan 3, 2022 Direct F3, F5, F6
transaction JAKK Common Stock Sale -$120K -11.5K -7.02% $10.45 152K Jan 4, 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 $2.18M +214K $10.16 214K Jan 1, 2022 Common Stock 214K Direct F3, F7, F8, F9, F10
transaction JAKK RSU Options Exercise -$744K -73.3K -34.2% $10.16 141K Jan 1, 2022 Common Stock 73.3K 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.