SEC Form 4 · accession 0001214659-15-002211
NEULION, INC. · NLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Charles B Wang
Director · 10% Owner
Period of report
Mar 10, 2015
Accepted (ET)
Mar 11, 2015 · 4:44 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 StockF5,F3 | Mar 10, 2015 | M | 450,000 | $0.59 | A | 40,206,096 | I | By spouse |
| Class 3 Preference SharesF1 | holding | — | — | — | 6,313,875 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Class 4 Preference SharesF1 | holding | — | — | — | 4,035,356 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Common StockF2 | holding | — | — | — | 22,820,650 | I | By AvantaLion LLC | |
| Common StockF4 | holding | — | — | — | 128,020 | I | By trust for benefit of grandchild | |
| Common StockF4 | holding | — | — | — | 128,020 | I | By trust for benefit of grandchild | |
| Common Stock | holding | — | — | — | 11,863,037 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1JK&B Capital V Special Opportunity Fund, L.P. is a limited partnership that is not controlled by Mr. Wang. Mr. Wang has a pecuniary interest in 86% of such fund.
- F2AvantaLion LLC is a Delaware limited liability company controlled by Mr. Wang.
- F3Mr. Wang disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Wang is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F4Mr. Wang is the trustee for the two trusts and his grandchildren are the beneficiaries of the trusts.
- F5Mr. Wang's spouse, Nancy Li, exercised options to purchase 450,000 shares of common stock for cash.