SEC Form 4 · accession 0001144204-16-091006
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
Mar 25, 2016
Accepted (ET)
Mar 29, 2016 · 5:43 pm EDT
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,F4,F1,F2 | Mar 25, 2016 | A | 134,058 | $6.90 | A | 166,858 | 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 3/24/16, 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 134,058 shares were issued pursuant to the Holder's Employment Agreement with the Issuer and are further subject to the terms of that certain March 25, 2016 Restricted Stock Award Agreement by and between the Holder and the Issuer.
- F4The 134,058 shares will vest in three tranches, with each tranche equal to 1/3 of the total grant. The initial tranche will vest on the date in 2017 as of which the vesting condition is determined to be satisfied with the succeeding tranches vesting on the one- and two-year anniversaries of the first vesting date in 2018 and 2019.