SEC Form 4 · accession 0001209191-15-075639
SPARK NETWORKS INC · LOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory J Franchina
Officer — Chief Information Officer
Period of report
Oct 13, 2015
Accepted (ET)
Oct 15, 2015 · 8:49 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 Stock | Oct 13, 2015 | M | 1,951 | $3.00 | A | 1,951 | D | |
| Common Stock | Oct 13, 2015 | S | 1,951 | $3.45 | D | 0 | D | |
| Common Stock | Oct 14, 2015 | M | 200 | $3.00 | A | 200 | D | |
| Common Stock | Oct 14, 2015 | S | 200 | $3.45 | D | 0 | D | |
| Common Stock | Oct 15, 2015 | M | 69,928 | $3.00 | D | 69,928 | D | |
| Common StockF2 | Oct 15, 2015 | S | 69,928 | $3.4398 | D | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $3.00 | Oct 13, 2015 | M | 1,951 | D | — | Jan 5, 2016 | Common Stock | 1,951 | 99,379 | D |
| Employee Stock Option (right to buy)F3 | $3.00 | Oct 14, 2015 | M | 200 | D | — | Jan 5, 2016 | Common Stock | 200 | 99,179 | D |
| Employee Stock Option (right to buy)F3 | $3.00 | Oct 15, 2015 | M | 69,928 | D | — | Jan 5, 2016 | Common Stock | 69,928 | 29,251 | D |
Explanation of responses
- F1The sales reported herein were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 15, 2015.
- F2The price reported in Table 1 Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $3.40 to $3.45, inclusive. The reporting person undertakes to provide to Spark Networks, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) in this Form 4.
- F3107,525 of the options vested on January 5, 2010 and the remaining options vested monthly in equal installments. Options are currently fully vested.