SEC Form 4 · accession 0001209191-16-138185
SPARK NETWORKS INC · LOV
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bradley Goldberg
Director
Period of report
Aug 18, 2016
Accepted (ET)
Aug 22, 2016 · 6:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001314475
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F1 | $1.45 | Aug 18, 2016 | A | 50,000 | A | — | Aug 18, 2023 | Common Stock | 50,000 | 50,000 | D |
| Restricted Stock UnitF2,F3,F4 | — | Aug 18, 2016 | A | 8,353 | A | — | — | Common Stock | 8,353 | 8,353 | D |
Explanation of responses
- F125% of the options vest annually in four equal installments beginning on the first anniversary of the date of grant. In addition, all the options vest fully upon a change in control and the occurrence of certain events of the Issuer.
- F2Each restricted stock unit represents a contingent right to receive one share of the Spark Network, Inc.'s (the "Company") common stock.
- F3These shares represent a grant of restricted stock units under the Company's 2007 Omnibus Incentive Plan on August 18, 2016. This grant was made in lieu of cash fees for non-employee director service on the Company's board of directors for the third and fourth quarters of 2016. Fifty percent (50%) of the restricted stock units subject to the award vest at the end of the third quarter on September 30, 2016, and the remaining fifty percent (50%) vest at the end of the fourth quarter on December 31, 2016, subject to the reporting person's continuous service as a director.
- F4Not applicable.