Andrew Rubenstein - Jul 13, 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
Stock symbol
ACEL
Transactions as of
Jul 13, 2021
Transactions value $
-$149,652
Form type
4
Date filed
7/15/2021, 06:31 PM
Previous filing
Jul 6, 2021
Next filing
Sep 17, 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 $0 +30K +0.7% $0.00 4.33M Jul 13, 2021 Direct F1
transaction ACEL Class A-1 Common Stock Options Exercise $132K +14K +0.32% $9.41 4.34M Jul 13, 2021 Direct
transaction ACEL Class A-1 Common Stock Tax liability -$150K -13.3K -0.31% $11.23 4.33M Jul 15, 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 -30K -25% $0.00 89.9K Jul 13, 2021 Class A-1 Common Stock 30K Direct F1, F2
transaction ACEL Employee Stock Option (Right to Buy) Options Exercise -$132K -14K -13.46% $9.41 90K Jul 13, 2021 Class A-1 Common Stock 14K $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.