| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SCOR | Series B Convertible Preferred Stock | Award | $10.9M | +4.42M | +16.06% | $2.47 | 31.9M | Jul 24, 2024 | Common Stock, par value $0.001 per share | 221K | See Footnote | F1, F2, F3, F4, F5 |
| Id | Content |
|---|---|
| F1 | Shares of Series B Convertible Preferred Stock, par value $0.001 per share ("Preferred Stock"), of comScore, Inc. (the "Company") are convertible at any time, at the holder's election, into shares of the Company's common stock, par value $0.001 per share ("Common Stock"), at the conversion rate (as defined in the certificate of designation of the Preferred Stock, as amended from time to time), which initially was 1:1, and was adjusted to 1:20 to give effect to the 1-for-20 reverse stock split of the Common Stock effected by the Company on December 20, 2023. The conversation rate is subject to certain anti-dilution adjustments and customary provisions related to partial dividend periods. The shares of Preferred Stock have no expiration date. |
| F2 | This Form 4 is being filed in connection with the issuance by the Company to Pine Investor, LLC ("Pine") of 4,419,098 additional shares of Preferred Stock in a transaction exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended ("Exchange Act"), pursuant to Rule 16b-3(d) thereunder. The additional shares of Preferred Stock were issued in exchange for cancellation of the Company's obligation to pay accrued dividends totaling approximately $10.9 million to Pine on its existing Preferred Stock holdings for dividend periods ended in 2023 and 2024. In connection with the issuance of additional shares of Preferred Stock, which was effected pursuant to the terms of a subscription agreement between the Company and Pine, the Company and the holders of the Preferred Stock also entered into an amendment to the stockholders agreement between the parties. |
| F3 | The amount reported in Column 7 represents the number of shares of Common Stock issuable upon conversion of the 4,419,098 shares of Preferred Stock reported herein. The holders of Preferred Stock are entitled to participate on all dividends declared on the Common Stock on an as-converted basis and are also entitled to a cumulative dividend at the rate of 7.5% per annum. |
| F4 | The amount reported in Column 9 represents the aggregate 31,928,301 shares of Preferred Stock held following the transaction reported herein, which are convertible into an aggregate of 1,603,578 shares of Common Stock as of the date of event requiring this report. The holders of Preferred Stock are entitled to participate on all dividends declared on the Common Stock on an as-converted basis and are also entitled to a cumulative dividend at the rate of 7.5% per annum. |
| F5 | Pine is the record holder of all securities reported herein. Cerberus Capital Management, L.P., either directly or through one or more intermediate entities, including Pine, possesses the sole power to vote and the sole power to direct the disposition of all securities of the Company disclosed herein. |
For the purposes of Section 16 of the Exchange Act, the interests of Cerberus Capital Management, L.P. and Pine reported herein are limited to the pecuniary interest, if any, of each of Cerberus Capital Management, L.P. and Pine, respectively, in the securities of the Company disclosed herein.