Michael J. Bebel - Aug 16, 2021 Form 4 Insider Report for LiveXLive Media, Inc. (LVO)

Role
Senior EVP
Signature
/s/ Michael J. Bebel
Stock symbol
LVO
Transactions as of
Aug 16, 2021
Transactions value $
-$146,794
Form type
4
Date filed
8/17/2021, 09:45 PM
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LVO Common Stock, $0.001 par value Options Exercise +83.4K +46.66% 262K Aug 16, 2021 Direct F1
transaction LVO Common Stock, $0.001 par value Other -$126K -42.9K -16.35% $2.94 219K Aug 16, 2021 Direct F4
transaction LVO Common Stock, $0.001 par value Options Exercise +13.8K +6.31% 233K Aug 16, 2021 Direct F1
transaction LVO Common Stock, $0.001 par value Other -$20.8K -7.08K -3.04% $2.94 226K Aug 16, 2021 Direct F4

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 LVO Restricted Stock Units Options Exercise $0 -83.4K -40% $0.00 125K Aug 16, 2021 Common Stock, $0.001 par value 83.4K Direct F1, F2
transaction LVO Restricted Stock Units Options Exercise $0 -13.8K -100% $0.00* 0 Aug 16, 2021 Common Stock, $0.001 par value 13.8K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert into Common Stock on a one-for-one basis.
F2 These Restricted Stock Units (the "RSUs") were granted pursuant to the Reporting Person's Employment Agreement, dated as of January 28, 2019 (the "EA"), and collectively represent the next portion of the unvested RSUs that vested as of August 2021. Each vested RSU was settled by the Issuer on the reported date by delivery to the Reporting Person of one share of the Issuer's common stock. The remaining restricted stock units granted pursuant to the EA vest as provided therein and previously reported on the Reporting Person's Form 4 filed with the U.S. Securities and Exchange Commission on February 8, 2019.
F3 These RSUs were issued by the Issuer to the Reporting Person pursuant to his agreement to accept 50% of his monthly base salary in equity of the Issuer for the period from April 1, 2020 through July 31, 2020. These RSUs vested in August 2021 and were settled by the Issuer on the reported date by delivery to the Reporting Person of one share of the Issuer's common stock.
F4 On the reported date these shares were sold by the Issuer's broker into the open market solely to satisfy the Reporting Person's required tax withholding in connection with the settlement of the RSUs as reported in footnotes 2 and 3. The sale price represents a weighted average price as multiple executions were involved in completing the sale transaction. Additional detail regarding the individual execution prices is available upon request.