SEC Form 4 · accession 0001354488-16-008552

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

Nov 15, 2016

Accepted (ET)

Nov 17, 2016 · 6:19 pm EST

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^F2	Nov 15, 2016	C	2,185,000	—	A	2,799,682	I	By Dolphin Entertainment, Inc.
Common Stock	holding	—	—		—	950,852	D
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^F1,F2	—	Nov 15, 2016	C	2,300,000	D	—	—	Common Stock	2,185,000	0	I

F1On 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.
F2Each share of Series B Convertible Preferred Stock was convertible into 0.95 shares of Common Stock at any time and had no expiration date.