John J. McGrath - 01 Jan 2022 Form 4 Insider Report for JAKKS PACIFIC INC (JAKK)

Role
Chief Operating Officer
Signature
/s/ John J. McGrath
Issuer symbol
JAKK
Transactions as of
01 Jan 2022
Net transactions value
+$403,688
Form type
4
Filing time
04 Jan 2022, 20:39:14 UTC
Previous filing
29 Oct 2021
Next filing
04 Apr 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 $239,553 +22,578 +58% $10.61 61,639 01 Jan 2022 Direct F1, F2
transaction JAKK Common Stock Tax liability $126,471 -11,920 -19% $10.61 49,719 01 Jan 2022 Direct F2, F3

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 $519,999 +51,181 $10.16 51,181 01 Jan 2022 Common Stock 51,181 Direct F4, F5, F6, F7, F8
transaction JAKK RSU Options Exercise $229,392 -22,578 -50% $10.16 22,603 01 Jan 2022 Common Stock 22,578 Direct F2, F4, F7, F8, F9
* 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 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 Restricted Stock Award Agreement by and between the Holder and the Issuer and as approved by the Compensation Committee of the Issuer's Board of Directors.
F4 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.
F5 RSUs will vest in 2 equal annual installments commencing on the first anniversary of the date of grant and on the second anniversary thereafter. The Reporting Person must be employed by Issuer for an RSU to vest.
F6 Represents the closing price of the Company's common stock for the trading day preceding the date of grant, as reported by NASDAQ.
F7 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.
F8 Does not include additional RSUs previously granted and reported with different vesting terms.
F9 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.