Gary S. Loffredo - Aug 18, 2022 Form 4 Insider Report for Cinedigm Corp. (CNVS)

Role
Pres, COO,GC, Secy
Signature
/s/ Gary S. Loffredo
Stock symbol
CNVS
Transactions as of
Aug 18, 2022
Transactions value $
-$129,453
Form type
4
Date filed
8/22/2022, 05:42 PM
Next filing
May 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CNVS Class A Common Stock Award $0 +75K +37.35% $0.00 276K Aug 18, 2022 Direct F1
transaction CNVS Class A Common Stock Award $0 +351K +127.16% $0.00 627K Aug 18, 2022 Direct F2
transaction CNVS Class A Common Stock Tax liability -$129K -205K -32.8% $0.63 421K Aug 18, 2022 Direct 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
holding CNVS Stock Option (Right to buy) 35K Aug 18, 2022 Class A Common Stock 35K $15.40 Direct F4
holding CNVS Stock Appreciation Right (Right to buy) 600K Aug 18, 2022 Common Stock 600K $1.47 Direct F5
holding CNVS Stock Appreciation Right 1.2M Aug 18, 2022 Class A Common Stock 1.2M $0.64 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Constitutes shares received in settlement of performance stock units ("PSUs") upon vesting.
F2 Constitutes shares received as partial payment of annual bonus under Management Annual Incentive Plan.
F3 Constitutes shares delivered in payment of a tax liability incident to the receipt of shares reported as acquired on this Form 4 for vested PSUs and for bonus.
F4 The option vested in three equal annual installments commencing October 13, 2014.
F5 One-third of the stock appreciation rights vested on December 10 of each of 2019, 2020 and 2021.
F6 Of such SARs, 500,000 vested on March 31, 2022, 500,000 vest on March 31, 2023 and 200,000 vest on June 30, 2023.