Mark T. Phelan - Jun 2, 2021 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role
Chief Revenue Officer
Signature
/s/ Derek Harmer, Attorney-in-fact for Mark T. Phelan
Stock symbol
ACEL
Transactions as of
Jun 2, 2021
Transactions value $
-$23,519
Form type
4
Date filed
6/2/2021, 06:39 PM
Next filing
Jul 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACEL Class A-1 Common Stock Options Exercise $25K +5.73K +6.92% $4.36 88.6K Jun 2, 2021 Direct
transaction ACEL Class A-1 Common Stock Options Exercise $17.9K +3.41K +3.85% $5.24 92K Jun 2, 2021 Direct
transaction ACEL Class A-1 Common Stock Tax liability -$66.4K -5.11K -5.56% $12.99 86.9K Jun 2, 2021 Direct F1

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 ACEL Employee Stock Option (Right to Buy) Options Exercise $0 -5.73K -50% $0.00 5.73K Jun 2, 2021 Class A-1 Common Stock 5.73K $4.36 Direct F2
transaction ACEL Employee Stock Option (Right to Buy) Options Exercise $0 -3.41K -24.82% $0.00 10.3K Jun 2, 2021 Class A-1 Common Stock 3.41K $5.24 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $12.97 to $13.03, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F2 Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/2 of the converted stock options vested on April 3, 2020, and the remainder will vest on April 3, 2021, subject to the Reporting Person's continued service to the issuer on each vesting date.
F3 Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/4 of the total award will vest on December 11, 2020, and the remainder will vest as to 1/4 of the total award annually thereafter, subject to the Reporting Person's continued service to the issuer on each vesting date.