Stephen G. Berman - Jan 5, 2022 Form 4 Insider Report for JAKKS PACIFIC INC (JAKK)

Signature
/s/ Stephen G. Berman
Stock symbol
JAKK
Transactions as of
Jan 5, 2022
Transactions value $
-$338,060
Form type
4
Date filed
1/7/2022, 04:33 PM
Previous filing
Jan 4, 2022
Next filing
Jan 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JAKK Common Stock Sale -$99.9K -9.7K -6.39% $10.29 142K Jan 5, 2022 Direct F1, F2, F3
transaction JAKK Common Stock Sale -$151K -15.6K -10.98% $9.68 127K Jan 6, 2022 Direct F1, F2, F3
transaction JAKK Common Stock Sale -$87.2K -9.1K -7.19% $9.58 117K Jan 7, 2022 Direct F1, 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 0 0% 214K Jan 1, 2022 Common Stock 214K Direct F3, F4, F8
transaction JAKK RSU Award 0 0% 64.1K Jan 1, 2021 Common Stock 64.1K Direct F3, F5, F8
transaction JAKK RSU Award 0 0% 26.4K Jan 1, 2020 Common Stock 26.4K Direct F3, F6, F8
transaction JAKK RSU Award 0 0% 167K Jan 1, 2019 Common Stock 167K Direct F3, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sale made pursuant to an exempt Selling Plan under Rule 10b5-1.
F2 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.
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 Previously reported. Issued on 1/1/22 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. 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.
F5 Previously reported. Issued on 1/1/21 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. RSUs vest in 4 equal annual installments commencing on the first anniversary of the date of grant and on the second, third and fourth anniversaries thereafter. The Reporting Person must be employed by Issuer for an RSU to vest.
F6 Previously reported. Issued on 1/1/20 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. RSUs vest in 4 equal annual installments commencing on the first anniversary of the date of grant and on the second, third and fourth anniversaries thereafter. The Reporting Person must be employed by Issuer for an RSU to vest.
F7 Previously reported. Issued on 1/1/19 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. Vest as follows: 40% of the award is subject to time vesting in four equal annual installments over four years and the balance of the award is subject to three year "cliff vesting" upon satisfaction of certain performance measures at the close of the three-year performance period based upon performance criteria to be determined by the Issuer's Compensation Committee during the first quarter of the year of grant.
F8 The closing price of the Company's common stock for the trading day preceding the date of grant, as reported by NASDAQ

Remarks:

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