SEC Form 4 · accession 0001553350-18-000067

Dolphin Entertainment, Inc. · DLPN

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

Reporting owner

Director

Period of report

Dec 10, 2017

Accepted (ET)

Jan 24, 2018 · 6:46 am 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^F1	Dec 10, 2017	X	10,846	$9.22	D	204,021	I	By Trust
Common Stock^F1	Dec 20, 2017	X	8,134	$9.22	D	195,887	I	By Trust
Common Stock^F2,F1	Jan 8, 2018	J	217,366	—	A	413,253	I	By Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Put Option (right to sell)	$9.22	Dec 10, 2017	X	10,846	D	Dec 10, 2017	Dec 20, 2017	Common Stock	10,846	623,647	D
Put Option (right to sell)	$9.22	Dec 20, 2017	X	8,134	D	Dec 10, 2017	Dec 20, 2017	Common Stock	8,134	615,513	D
Warrants^F1	$4.74	holding	—	—	—	Dec 26, 2017	Dec 26, 2020	Common Stock	60,000	60,000	I

F1These shares are held by the Mayer-Vogel Trust, of which the Reporting Person is the trustee.
F2The shares represent the second installment of shares issued as consideration in the Issuer's acquisition of 42West, LLC, of which the Reporting Person was a seller. On March 30, 2017, the Issuer purchased all the membership interests of 42West, LLC, of which the Reporting Person owned 31.67%, for approximately $18.7 million in shares of common stock based on the Issuer's 30-trading-day average stock price prior to the closing date of $9.22 per share (less certain working capital and closing adjustments, transaction expenses and payments of indebtedness), plus the potential to earn up to an additional $9.3 million in shares of common stock.