Bruce A. Cassidy 2013 Irrevocable Trust's Form 4 filing
Loop Media, Inc. (LPTV) · filed Apr 13, 2022
- Accession no.
- 0000905718-22-000599
- Filed
- Apr 13, 2022
- Trade date
- Mar 18-Apr 11, 2022
- Filing delay
- 26 daysLate
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $15.0M. It was filed 26 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Bruce A. Cassidy 2013 Irrevocable TrustCIK 0001795502 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 18, 2022 | Common Stock | CConversionAcquired | +20,000,000 | –F1 | – | 20,977,424 | Direct | Duplicate filing |
| Apr 11, 2022 | Common Stock | SSaleDisposed | −10,000,000 | $1.50 | −$15,000,000 | 10,977,424 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 18, 2022 | Common Stock | CConversionDisposed | −20,000,000 | –F1 | – | 0 | Direct | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F1
Each share of Series B Preferred Stock was convertible into 100 shares of common stock at any time and had no expiration date.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
Remarks
As of April 11, 2022, the Reporting Person is no longer subject to Section 16 of the Securities Exchange Act of 1934 in connection with transactions in the securities of Loop Media, Inc. and therefore will no longer report any such transactions on Form 4 or Form 5.