SEC Form 4 · accession 0001209191-15-047754
SPARK NETWORKS INC · LOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J McConnell
Director
Period of report
May 26, 2015
Accepted (ET)
May 28, 2015 · 8:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001314475
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 26, 2015 | A | 7,025 | $3.01 | A | 310,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 120,000 restricted common shares, subject to vesting pursuant to the terms and conditions of the notice of grant as follows: (i) 85,000 restricted common shares for which restrictions, including forfeiture to the Company, shall lapse 50% on December 31, 2015 and the remaining 50% on December 31, 2016 and (ii) 35,000 restricted common shares for which restrictions, including forfeiture to the Company, shall lapse 50% upon January 2, 2016 (i.e., the one year anniversary of the employment date of Michael Egan, Spark's Chief Executive Officer) and the remaining 50% upon January 2, 2017 (i.e., the two year anniversary of the employment of Mr. Egan), subject to certain additional conditions as set forth in Mr. McConnell's Executive Employment Agreement effective August 12, 2014.