Mark T. Phelan - 13 Jul 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
Issuer symbol: ACEL
Transactions as of: 13 Jul 2021
Net transactions value: -$13,974
Form type: 4
Filing time: 15 Jul 2021, 18:30:49 UTC
Previous filing: 02 Jun 2021
Next filing: 15 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACEL	Class A-1 Common Stock	Options Exercise	$0	+4,075	+4.7%	$0.000000	90,939	13 Jul 2021	Direct	F1
transaction	ACEL	Class A-1 Common Stock	Options Exercise	$99,873	+29,636	+33%	$3.37	120,575	13 Jul 2021	Direct
transaction	ACEL	Class A-1 Common Stock	Options Exercise	$126	+24	+0.02%	$5.24	120,599	13 Jul 2021	Direct
transaction	ACEL	Class A-1 Common Stock	Tax liability	$13,833	-1,232	-1%	$11.23	119,367	15 Jul 2021	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
transaction	ACEL	Restricted Stock Units (RSU)	Options Exercise	$0	-4,075	-25%	$0.000000	12,225	13 Jul 2021	Class A-1 Common Stock	4,075		Direct	F1, F2
transaction	ACEL	Employee Stock Option (Right to Buy)	Options Exercise	$99,873	-29,636	-41%	$3.37	42,555	13 Jul 2021	Class A-1 Common Stock	29,636	$3.37	Direct	F3
transaction	ACEL	Employee Stock Option (Right to Buy)	Options Exercise	$266	-24	-0.23%	$11.10	10,313	13 Jul 2021	Class A-1 Common Stock	24	$5.24	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A-1 Common Stock upon settlement for no consideration.
F2	1/4 of the RSUs will vest on July 13, 2021, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing 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 1/3 of the total award will vest on June 28, 2020, and the remainder will vest as to 1/3 of the total award annually thereafter, subject to the Reporting Person's continued service to the issuer on each vesting date.
F4	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.