SEC Form 4 · accession 0000932440-17-000024
Cineverse Corp. · CNVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald L Chez
Director · 10% Owner
Period of report
Mar 6, 2017
Accepted (ET)
Mar 29, 2017 · 4:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001173204
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF5 | Dec 29, 2016 | J | 4,076 | $0.00 | D | 1,124,535 | D | |
| Class A Common StockF4,F2 | Mar 6, 2017 | A | 49,262 | $0.00 | A | 204,262 | I | By entity |
| Class A Common StockF5,F2 | Dec 29, 2016 | J | 4,076 | $0.00 | A | 208,338 | I | By entity |
| Class A Common StockF1 | holding | — | — | — | 33,374 | I | By trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy) | $18.50 | holding | — | — | — | Oct 21, 2013 | Oct 21, 2018 | Class A Common Stock | 97,500 | 97,500 | D |
| Warrants (right to buy)F3 | — | holding | — | — | — | Jul 14, 2016 | Jul 13, 2023 | Class A Common Stock | 200,000 | 200,000 | D |
Explanation of responses
- F1Owned by the Chez Family Foundation, of which the reporting person is Trustee.
- F2Owned by Ronald L. Chez, Inc., of which the reporting person is President, Secretary and sole shareholder.
- F3Exercise price is $1.34 as to 100,000 shares and $1.68 as to 100,000 shares.
- F4Constitutes stock portion and cash portion, requested by the Reporting Person to be paid in stock, of annual retainer for the year of board service by the Reporting Person commencing October 1, 2016. Such shares vest in quarterly amounts on December 31, 2016, March 31, 2017, June 30, 2017 and September 30, 2017, so long as the Reporting Person is a director on each such date.
- F5The Reporting Person transferred such shares from direct ownership to ownership by Ronald L. Chez, Inc. for no consideration. The transfer was exempt pursuant to Rule 16a-13.