SEC Form 4 · accession 0001144204-16-074133
JAKKS PACIFIC INC · JAKK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G Berman
Officer — See Remarks · Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 5:25 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 StockF3,F1,F2 | Jan 1, 2016 | D | 1,095 | $7.96 | D | 652,722 | D | |
| Common StockF4,F5,F1,F2 | Jan 1, 2016 | A | 439,698 | $7.96 | A | 1,092,420 | 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 12/31/15, 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.
- F3Represents that number of shares surrendered by the Holder in order to satisfy a tax withholding obligation, as permitted by the terms of previously reported Restricted Stock Award Agreement by and between the Holder and the Issuer and as approved by the Compensation Committee of the Issuer's Board of Directors.
- F4Such 439,698 shares were issued pursuant to the terms of Holder's Employment Agreement with the Issuer (as amended and clarified to date) and are further subject to the terms of that certain January 1, 2016 Restricted Stock Award Agreement (the "Agreement") by and between the Holder and the Issuer.
- F5The 439,698 shares will vest pursuant to terms to be determined by the Issuer's Compensation Committee based upon performance criteria it establishes during the first quarter of the year of grant.
Remarks
Chief Executive Officer, President and Secretary