SEC Form 4 · accession 0000932440-18-000114
Cineverse Corp. · CNVS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peixin Xu
Director · 10% Owner
Period of report
Dec 12, 2018
Accepted (ET)
Dec 19, 2018 · 5:15 pm EST
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 StockF3 | Dec 12, 2018 | A | 43,103 | $0.00 | A | 74,712 | D | |
| Class A Common StockF1 | holding | — | — | — | 19,666,667 | I | By spouse |
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)F1,F2 | $1.80 | holding | — | — | — | Dec 29, 2017 | Dec 29, 2022 | Class A Common Stock | 1,400,000 | 1,400,000 | I |
Explanation of responses
- F1The Reporting Person is the spouse of the sole owner of Bison Capital Holding Company Limited, which indirectly owns 19,666,667 shares of Cinedigm Corp. through Bison Entertainment Investment Limited, a wholly owned subsidiary of Bison Capital Holding Company Limited.
- F2Warrants held by Bison Entertainment and Media Group ("BEMG"). The warrants to purchase up to 1,400,000 shares of Class A Common Stock of the Company were issued by Cinedigm Corp. (the "Compnay") to BEMG on December 29, 2017 in connection wtih its agreement to make a loan to the Company in the principal amount of US$10,000,000.
- F3Includes 43,103 shares of Class A Common Stock issued on December 12, 2018 as part of the annual retainer for board service by the Reporting Person for the period from October 1, 2018 to September 30, 2019. Such shares vest as follows: 10,776 on each of December 31, 2018, March 31, 2019 and June 30, 2019 and 10,775 on September 30, 2019, so long as the Reporting Person is a director on each such date.