D. Clark - Aug 10, 2021 Form 4 Insider Report for Spark Networks SE (LOV)

Role
Chief Financial Officer
Signature
/s/ David Clark
Stock symbol
LOV
Transactions as of
Aug 10, 2021
Transactions value $
$0
Form type
4
Date filed
8/27/2021, 09:53 AM
Previous filing
Jul 12, 2021
Next filing
Sep 14, 2021

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 LOV Stock Option Award $0 +200K $0.00 200K Aug 10, 2021 American Depository Shares 200K $3.77 Direct F1, F2, F3
transaction LOV Stock Option Award $0 +100K $0.00 100K Aug 10, 2021 American Depository Shares 100K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock option is granted under the Spark Networks SE (the "Company") 2020 Long Term Incentive Plan and represents the right to receive, upon exercise, a certain amount in cash determined based on the relevant strike price of the option minus the strike price of such option; provided, however, that the Company may elect to settle options in American Depository Shares ("ADS") or Ordinary Shares of the Company instead of cash at its sole discretion.
F2 Subject to the employee's continued service to the Company, (i) 25% of the total number of options granted to the employee vest 12 months after the grant date of such option, and (ii) an additional 6.25% of such options shall vest at the end of each additional three month period thereafter until the end of the 48th month after the relevant grant date.
F3 Each American Depository Share ("ADS") represents 0.1 Ordinary Shares of Spark Networks SE (the "Company").