Lorne A. Weil - May 11, 2021 Form 4 Insider Report for Inspired Entertainment, Inc. (INSE)

Role
Executive Chairman, Director, 10%+ Owner
Signature
/s/ Carys Damon, Attorney-in-Fact
Stock symbol
INSE
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/12/2021, 07:06 PM
Next filing
Jun 11, 2021

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 INSE Restricted Stock Units Award $0 +250K $0.00 250K May 11, 2021 Common Stock 250K Direct F1, F2, F3
transaction INSE Performance Restricted Stock Units Award $0 +250K $0.00 250K May 11, 2021 Common Stock 250K Direct F1, F2, F4
transaction INSE Stock Price Restricted Stock Units Award $0 +250K $0.00 250K May 11, 2021 Common Stock 250K Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects special sign-on equity awards to Mr. Weil pursuant to his employment agreement with the Issuer dated October 9, 2020 which were granted under the Issuer's 2021 Omnibus Incentive Plan ("2021 Plan") which was approved by the Issuer's stockholders on May 11, 2021. The awards are subject to deferred settlement such that units that satisfy applicable vesting conditions would not settle until termination of Mr. Weil's services or, if earlier, upon a change in control as specified in the 2021 Plan.
F2 Each unit represents a contingent right to receive one share of common stock at settlement.
F3 These restricted stock units are scheduled to vest in three installments: 85,000 units on December 31, 2022, 80,000 units on December 31, 2023 and 85,000 units on December 31, 2024.
F4 These performance restricted stock units are conditioned on attainment of pre-established performance criteria for the years 2021 through 2024.
F5 These stock price restricted stock units are vested as to 165,000 of the units (the price targets established pursuant to Mr. Weil's employment agreement for such units having been met -- 80,000 units at $6.25 and 85,000 units at $8.25) and the remaining 85,000 units are subject to attainment of a stock price target of $15.00.