SEC Form 4 · accession 0001683168-19-000012
Kartoon Studios, Inc. · TOON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andy Heyward
Officer — Chief Executive Officer · Director · 10% Owner
Period of report
Dec 31, 2018
Accepted (ET)
Jan 3, 2019 · 9:12 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001355848
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF2,F3 | Dec 31, 2018 | P | 149,805 | $3.12 | A | 377,237 | D | |
| Common Stock, par value $0.001 per shareF2,F4,F5 | Dec 31, 2018 | P | 470,596 | $3.12 | A | 990,728 | I | See Note |
| Common Stock, par value $0.001 per shareF6 | holding | — | — | — | 1,234 | I | See Note |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0% Series A Convertible Preferred StockF2,F8,F7 | $2.50 | Dec 31, 2018 | P | 50 | A | May 15, 2014 | — | Common Stock, par value $0.001 per share | 20,000 | 100 | D |
Explanation of responses
- F1The Reporting Person previously held shares jointly with this former spouse, Amy Moynihan Heyward. The Reporting Person acquired the sole ownership of the shares formerly jointly owned with his former spouse pursuant to a divorce settlement agreement. The divorce settlement agreement ascribed a purchase price of $2 million to a total of 620,401 shares of the Company's common stock and 50 shares of the Company's 0% Series A Convertible Preferred Stock formerly jointly owned by the Reporting Person and his former spouse. Pursuant to the divorce settlement agreement, the Reporting Person also obtained sole ownership of the other 50 percent of the shares formerly jointly owned.
- F2Represents 50 percent of the shares the Reporting Person formerly jointly owned with his former spouse.
- F3The Reporting Person previously held 149,805 shares jointly with his former spouse. The Reporting Person acquired the sole ownership of the shares formerly jointly owned pursuant to a divorce settlement agreement.
- F4The Reporting Person previously held the shares jointly with his former spouse, Amy Moynihan Heyward. The Reporting Person acquired the sole ownership of the shares formerly jointly owned pursuant to a divorce settlement agreement.
- F5The Reporting Person indirectly owns 990,728 shares of common stock over which the Reporting Person holds voting and dispositive power.
- F6The Reporting Person indirectly owns 1,234 shares of common stock held by Heyward Living Trust.
- F7The Preferred Stock does not contain an expiration date.
- F8The Reporting Person previously held the shares jointly with his former spouse. The Reporting Person acquired the sole ownership of the shares formerly jointly pursuant to a divorce settlement agreement.