SEC Form 4 · accession 0001214659-15-002128
NEULION, INC. · NLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Scott Paterson
Officer — Vice Chairman · Director
Period of report
Mar 6, 2015
Accepted (ET)
Mar 10, 2015 · 1:23 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001387713
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 6, 2015 | X | 127,035 | $0.30 | A | 502,035 | I | Patstar Inc. |
| Common StockF2 | Mar 6, 2015 | X | 102,704 | $0.30 | A | 252,704 | I | Paterson Family Trust |
| Common Stock | holding | — | — | — | 8,792,113 | D | ||
| Common Stock | holding | — | — | — | 341,724 | I | G. Scott Paterson Inc. | |
| Common Stock | holding | — | — | — | 85,000 | I | G. Scott Paterson Foundation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrant (right to buy)F3 | $0.30 | Mar 6, 2015 | X | 187,500 | D | Mar 25, 2013 | Mar 25, 2015 | Common Stock | 127,035 | 0 | I |
| Warrant (right to buy)F3 | $0.30 | Mar 6, 2015 | X | 151,587 | D | Mar 25, 2013 | Mar 25, 2015 | Common Stock | 102,704 | 0 | I |
Explanation of responses
- F1Warrants to purchase shares of common stock were exercised on a cashless basis and Patstar Inc. received 127,035 shares of common stock in connection with such exercise.
- F2Warrants to purchase shares of common stock were exercised on a cashless basis and the Paterson Family Trust received 102,704 shares of common stock in connection with such exercise.
- F3The reported securities were sold as part of a unit for Cdn$0.20 per unit. Each unit consisted of one share of common stock and a warrant to purchase one-half of a share of common stock. For reporting purposes, the purchase price was converted to US dollars using the Bank of Canada noon rate on September 25, 2012 of 1.0235.