SEC Form 4 · accession 0001144204-15-000895
JAKKS PACIFIC INC · JAKK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Joseph McGrath
Officer — Chief Operating Officer
Period of report
Dec 31, 2014
Accepted (ET)
Jan 6, 2015 · 6:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001009829
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF5,F2 | Dec 31, 2014 | D | 11,160 | $6.80 | D | 15,225 | D | |
| Common StockF3,F4,F1,F2 | Jan 1, 2015 | A | 11,028 | $6.80 | A | 26,253 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents the closing price of the Issuer's common stock on 12/31/14, as reported by Nasdaq.
- F2Certain of these shares may be restricted from transfer pursuant to the minimum stock ownership provision in Holder's Employment Agreement with the Issuer.
- F3Such 11,028 shares were issued pursuant to the terms of Holder's Employment Agreement with the Issuer and are further subject to the terms of that certain January 1, 2015 Restricted Stock Award Agreement by and between the Holder and the Issuer.
- F4The 11,028 shares will vest in two tranches, with each tranche equal to 50% of the total grant. The initial tranche will vest on the date in 2016 as of which the 3% Vesting Condition (as defined in the Holder's Employment Agreement) is determined to be satisfied with the succeeding tranche vesting on January 1, 2017.
- F5Reflects the forfeiture of 11,160 shares issued pursuant to the terms of the Holder's Employment Agreement that failed to vest pursuant to the terms of that certain January 1, 2014 Restricted Stock Award Agreement by and between the Holder and the Issuer.