Cassidy Bruce A. Sr.'s Form 4/A amendment
AmendedLoop Media, Inc. (LPTV) · filed Sep 22, 2023
- Accession no.
- 0001104659-23-103230
- Filed
- Sep 22, 2023, 5:00 PM ET
- Trade date
- Sep 26, 2022
- Filing delay
- 361 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Sep 28, 2022
This filing lists 4 non-derivative transactions and 3 derivative transactions. It carries over 2 transactions from the original filing that it did not restate. Open-market purchases total $2.30M. It was filed 361 days after the trade.
This amendment restates part of 0001493152-22-027097 (filed Sep 28, 2022). The transactions it did not restate still count and are listed below.
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 |
|---|---|
| Cassidy Bruce A. Sr.CIK 0001484879 | Director, 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 |
|---|---|---|---|---|---|---|---|---|
| Sep 26, 2022 | Common Stock | CConversionAcquired | +106,767 | $4.00 | +$427,068 | 2,131,536 | Indirect | |
| Sep 26, 2022 | Common Stock | CConversionAcquired | +107,643 | $4.00 | +$430,572 | 2,239,179 | Indirect | |
| Sep 26, 2022 | Common Stock | CConversionAcquired | +215,194 | $4.00 | +$860,776 | 2,454,373 | Indirect | |
| Sep 26, 2022 | Common Stock | PPurchaseAcquired | +460,000 | $5.00 | +$2,300,000 | 2,914,373 | Indirect |
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 |
|---|---|---|---|---|---|---|---|---|
| Sep 26, 2022 | Common Stock | CConversionDisposed | −106,767 | $0.00 | – | 0 | Indirect | |
| Sep 26, 2022 | Common Stock | CConversionDisposed | −107,643 | $0.00 | – | 0 | Indirect | |
| Sep 26, 2022 | Common Stock | CConversionDisposed | −215,194 | $0.00 | – | 0 | Indirect |
Carried over from the original filing
This amendment restates only part of the original filing. The original's other transactions still stand, and the trade tables on Livermore count them under this amendment.
From 0001493152-22-027097 (filed Sep 28, 2022).
Non-derivative securities (Table I)
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 26, 2022 | Common Stock | CConversionAcquired | +204,646 | $4.00 | +$818,584 | 3,866,526 | Indirect |
Derivative securities (Table II)
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Sep 26, 2022 | Common Stock | CConversionDisposed | −204,646 | $0.00 | – | 0 | Indirect |
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
Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F2
The convertible note was to automatically convert to shares of the Issuer's common stock on the earlier to occur of (1) December 1, 2022, (2) a change of control of the Issuer or (3) a closing of a qualified IPO of the Issuer.
Remarks
Shares reported reflect the Issuer's one-for-three reverse stock split effective September 20, 2022. This amendment to the original Form 4 filed by the Reporting Person on September 26, 2022 (the "Original Form 4"), is being filed remove the previously reported securities of the Issuer held by the Bruce A. Cassidy 2013 Irrevocable Trust Dated June 18, 2013, an Ohio Legacy Trust Company (the "Cassidy Trust"), from Mr. Cassidy's beneficial ownership because a third-party trustee (and not Mr. Cassidy or any member of his immediate family sharing his household) has voting and dispositive power over all securities held by the Cassidy Trust.