SEC Form 4 · accession 0001214659-15-006753
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
Sep 23, 2015
Accepted (ET)
Sep 24, 2015 · 11:58 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,F2 | Sep 23, 2015 | P | 92,801 | $0.528 | A | 12,974,970 | D | |
| Class 3 Preference SharesF3 | holding | — | — | — | 6,313,875 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Class 4 Preference SharesF3 | holding | — | — | — | 4,035,356 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Common StockF4 | holding | — | — | — | 22,820,650 | I | By AvantaLion LLC | |
| Common StockF5 | holding | — | — | — | 40,206,096 | I | By spouse | |
| Restricted Common StockF7,F5 | holding | — | — | — | 750,000 | I | By spouse | |
| Common StockF6 | holding | — | — | — | 128,020 | I | By trust for benefit of grandchild | |
| Common StockF6 | holding | — | — | — | 128,020 | I | By trust for benefit of grandchild |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Mr. Wang purchased these shares from J. Christopher Wagner, the Executive Vice President, Marketplace Strategy, of NeuLion.
- F2The purchase price of each share was Cdn$0.70, which was the closing price of NeuLion's common stock on the Toronto Stock Exchange on September 22, 2015. The price was converted to US dollars using a rate of 0.7543, which was the closing foreign exchange rate of the Bank of Canada on September 22, 2015.
- F3JK&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.
- F4AvantaLion LLC is a Delaware limited liability company controlled by Mr. Wang.
- F5Mr. 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.
- F6Mr. Wang is the trustee for the two trusts and his grandchildren are the beneficiaries of the trusts.
- F7Mr. 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.