SEC Form 4 · accession 0001214659-15-005883
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
Aug 6, 2015
Accepted (ET)
Aug 7, 2015 · 9:20 am 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 | Aug 6, 2015 | P | 1,000,000 | $0.6481 | A | 12,882,169 | D | |
| Class 3 Preference SharesF2 | holding | — | — | — | 6,313,875 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Class 4 Preference SharesF2 | holding | — | — | — | 4,035,356 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Common StockF3 | holding | — | — | — | 22,820,650 | I | By AvantaLion LLC | |
| Common StockF4 | holding | — | — | — | 40,206,096 | I | By spouse | |
| Restricted Common StockF6,F4 | holding | — | — | — | 750,000 | I | By spouse | |
| Common StockF5 | holding | — | — | — | 128,020 | I | By trust for benefit of grandchild | |
| Common StockF5 | holding | — | — | — | 128,020 | I | By trust for benefit of grandchild |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Multiple same-way open market purchases effected on the same day within a one dollar price range are reported on this line. The figure in the price column is the weighted average purchase price for these transactions. These trades were executed on the Toronto Stock Exchange, and the purchase prices were in Canadian dollars. The purchase price per share for each trade was between Cdn$0.76 and Cdn$0.90. The purchase prices were converted to US dollars using the Bank of Canada noon rate of 0.7603. The reporting person undertakes to provide, upon request by the Commission staff, NeuLion, Inc., or a security holder of NeuLion, Inc., full information regarding the number of shares purchased at each separate price.
- F2JK&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.
- F3AvantaLion LLC is a Delaware limited liability company controlled by Mr. Wang.
- F4Mr. 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.
- F5Mr. Wang is the trustee for the two trusts and his grandchildren are the beneficiaries of the trusts.
- F6Mr. Wang's spouse was granted these restricted stock subject to the terms of the Amended and Restated NeuLion, Inc. 2012 Omnibus Securities and Incentive Plan. The restricted shares vest at a rate of one-quarter of their allotted amount per year over four years.