Bradley M. Tirpak - Nov 1, 2021 Form 4 Insider Report for Liberated Syndication Inc. (LSYN)

Role
Chief Executive Officer, Director
Signature
/s/ Bradley Tirpak
Stock symbol
LSYN
Transactions as of
Nov 1, 2021
Transactions value $
$0
Form type
4
Date filed
11/3/2021, 07:22 PM
Previous filing
Jun 7, 2021
Next filing
Nov 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LSYN Common Stock Award $0 +40K +9.96% $0.00 442K Nov 1, 2021 Direct F1
transaction LSYN Common Stock Award $0 +150K +33.96% $0.00 592K Nov 1, 2021 Direct F2

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 LSYN Employee Stock Options (right to buy) Award $0 +150K $0.00 150K Nov 1, 2021 Common Stock 150K $4.00 Direct F3
transaction LSYN Performance Stock Units Award $0 +20K $0.00 20K Nov 1, 2021 Common Stock 20K Direct F4, F5
transaction LSYN Performance Stock Units Award $0 +40K $0.00 40K Nov 1, 2021 Common Stock 40K Direct F4, F5
transaction LSYN Performance Stock Units Award $0 +60K $0.00 60K Nov 1, 2021 Common Stock 60K Direct F4, F5
transaction LSYN Performance Stock Units Award $0 +100K $0.00 100K Nov 1, 2021 Common Stock 100K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock that vests 90 days from the date of grant.
F2 Restricted stock that vests in equal instalments of 50,000 shares on each anniversary of the grant date: 50,000 shares shall vest on November 1, 2022, 50,000 shares shall vest on November 1, 2023,and 50,000 shares shall vest on November 1, 2024.
F3 Stock Options that vest in equal instalments on each anniversary of the grant date: 50,000 options vest on November 1, 2022, 50,000 options vest on November 1, 2023, and 50,000 options vest on November 1, 2024.
F4 Each performance stock unit ("PSU") represents a contingent right to receive one share of LSYN common stock.
F5 Represents PSUs granted, to be earned, if at all, based on the company's common stock achieving specified prices per share during a three-year period.