SEC Form 4/A · accession 0001354488-16-008308

Dolphin Entertainment, Inc. · DLPN

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

This is an amendment (Form 4/A). It replaces an earlier filing for the same period.

Reporting owner

Officer — Chief Executive Officer · Director · 10% Owner

Period of report

Mar 7, 2016

Accepted (ET)

Sep 22, 2016 · 8:18 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001282224

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	holding	—	—	—	950,169	D
Common Stock^F1	holding	—	—	—	614,682	I	By Dolphin Entertainment, Inc.
Common Stock^F1	holding	—	—	—	1,242,104	I	By Dolphin Digital Media Holdings, LLC

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Series B Convertible Preferred Stock^{F1,F4,F5,F2,F3,F6}	—	Mar 7, 2016	J	2,300,000	A	—	—	Common Stock	2,185,000	2,300,000	I

F1The Issuer completed a 20-to-1 reverse stock split effective May 10, 2016. The amount stated represents the post-split adjusted amount. Fractional shares resulting from the reverse stock split were rounded up to the nearest whole share.
F2On March 7, 2016, a merger was completed among the Issuer, DDM Merger Sub, Inc., Dolphin Entertainment, Inc. and Dolphin Films, Inc., pursuant to which the Issuer acquired Dolphin Films Inc. (the "Merger"). Pursuant to the merger agreement, as part of the Merger consideration, the Issuer issued 2,300,000 shares of Series B Convertible Preferred Stock to Dolphin Entertainment, Inc., an entity wholly owned by the Reporting Person.
F3Each share of Series B Convertible Preferred Stock is convertible into 0.95 shares of Common Stock (as adjusted for the reverse stock split) at any time and has no expiration date.
F4The shares of Series B Convertible Preferred Stock were received in exchange for shares of Dolphin Films, Inc. in connection with the Merger.
F5Adjusted to reflect the correct number of shares of Series B Convertible Preferred Stock issued in the Merger that was inadvertently reported incorrectly on a Form 4 filed on September 19, 2016.
F6Adjusted to reflect the correct number of shares of Common Stock underlying the Series B Convertible Preferred Stock that was inadvertently reported incorrectly on a Form 4 filed on September 19, 2016.