SEC Form 4 · accession 0001354488-16-008309

Dolphin Entertainment, Inc. · DLPN

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

Reporting owner

Officer — Chief Executive Officer · Director · 10% Owner

Period of report

Sep 20, 2016

Accepted (ET)

Sep 22, 2016 · 8:19 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001282224

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F1	Sep 20, 2016	P	483	$6.68	A	950,652	D
Common Stock	holding	—	—		—	614,682	I	By Dolphin Entertainment, Inc.
Common Stock	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^F2,F3	—	holding	—	—	—	—	—	Common Stock	2,185,000	2,300,000	I

F1Represents the weighted average price of the shares purchased. The prices of the shares purchased pursuant to the transactions ranged from $6.50 to $6.75 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.
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 at any time and has no expiration date.