Douglas I. McCree - 14 Jun 2022 Form 4 Insider Report for LM FUNDING AMERICA, INC. (LMFA)

Role
Director
Signature
/s/ Douglas I. McCree
Issuer symbol
LMFA
Transactions as of
14 Jun 2022
Net transactions value
+$4,545
Form type
4
Filing time
17 Jun 2022, 17:09:34 UTC
Previous filing
01 Nov 2021
Next filing
03 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LMFA Common Stock Purchase $4,545 +5,000 +1220% $0.9090 5,410 14 Jun 2022 Direct

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 LMFA Stock Option (right to buy) 12,605 14 Jun 2022 Common Stock 12,605 $5.95 Direct F1
holding LMFA Stock Option (right to buy) 100 14 Jun 2022 Common Stock 100 $500.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options were granted under the LM Funding America, Inc. 2021 Omnibus Incentive Plan ("Plan"). Options will vest as to one-half of the option shares on April 26, 2022, and as to one-half of the option shares on October 28, 2022, subject to acceleration of vesting upon a Change of Control (as defined in the Plan) or upon the Issuer's common stock achieving a closing price of greater than $12.00 for 10 consecutive trading days. Notwithstanding, the options will not be exercisable unless and until the Plan is approved by the Issuer's stockholders within one year of grant date.
F2 This option is presently exercisable in full.