SEC Form 4 · accession 0001144204-17-000668
JAKKS PACIFIC INC · JAKK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen G Berman
Officer — CEO, President and Secretary · Director
Period of report
Dec 30, 2016
Accepted (ET)
Jan 4, 2017 · 8:15 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 StockF4,F1,F2 | Dec 30, 2016 | D | 439,698 | $5.15 | D | 175,585 | D | |
| Common StockF5,F1,F2 | Jan 1, 2017 | F | 1,127 | $5.15 | D | 174,458 | D | |
| Common StockF3,F6,F1,F2 | Jan 1, 2017 | A | 679,612 | $5.15 | A | 854,070 | 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 12/30/16, 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.
- F3Reflects the forfeiture of 439,698 shares issued pursuant to the terms of Holder's Employment Agreement that failed to vest pursuant to the terms of that certain January 1, 2016 Restricted Stock Award Agreement by and between the Holder and the Issuer
- F4Represents that number of shares surrendered by the Holder in order to satisfy a tax withholding obligation, as permitted by the terms of a 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.
- F5Such 679,612 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, 2017 Restricted Stock Award Agreement (the "Agreement") by and between the Holder and the Issuer.
- F6Such 679,612 shall vest as follows: 40% of the award is subject to time vesting in four equal annual installments over four years and the balance of the award is subject to three year "cliff vesting" upon satisfaction of certain performance measures at the close of the three year performance period based upon performance criteria to be determined by the Issuer's Compensation Committee during the first quarter of the year of grant.