Andrew H. Rubenstein - 13 Jul 2021 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role
CEO and President, Director
Signature
/s/ Derek Harmer, Attorney-in-fact for Andrew H. Rubenstein
Issuer symbol
ACEL
Transactions as of
13 Jul 2021
Net transactions value
-$149,652
Form type
4
Filing time
15 Jul 2021, 18:31:44 UTC
Previous filing
06 Jul 2021
Next filing
17 Sep 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 +29,950 +0.7% $0.000000 4,326,568 13 Jul 2021 Direct F1
transaction ACEL Class A-1 Common Stock Options Exercise $131,740 +14,000 +0.32% $9.41 4,340,568 13 Jul 2021 Direct
transaction ACEL Class A-1 Common Stock Tax liability $149,652 -13,328 -0.31% $11.23 4,327,240 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 -29,950 -25% $0.000000 89,850 13 Jul 2021 Class A-1 Common Stock 29,950 Direct F1, F2
transaction ACEL Employee Stock Option (Right to Buy) Options Exercise $131,740 -14,000 -13% $9.41 90,000 13 Jul 2021 Class A-1 Common Stock 14,000 $9.41 Direct F3
* 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 1/4 of the total shares underlying the option 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.