SEC Form 4 · accession 0001214659-16-010195
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 7, 2016
Accepted (ET)
Mar 9, 2016 · 3:25 pm EST
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 |
|---|---|---|---|---|---|---|---|---|
| Restricted Common StockF1,F4 | Mar 7, 2016 | A | 750,000 | $0.00 | A | 750,000 | I | By spouse |
| Common StockF3 | holding | — | — | — | 22,820,650 | I | By AvantaLion LLC | |
| Common StockF4 | holding | — | — | — | 40,206,096 | 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 | |
| Common Stock | holding | — | — | — | 13,011,861 | D | ||
| Common StockF6 | holding | — | — | — | 15,534,956 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Restricted Common StockF2,F4 | holding | — | — | — | 750,000 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person's spouse was granted these restricted shares 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. Vesting began on March 7, 2016.
- F2The reporting person's spouse was granted these restricted shares 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. Vesting began on May 18, 2015.
- 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.
- F6JK&B Capital V Special Opportunity Fund, L.P. is a limited partnership that is not controlled by Mr. Wang, who has a pecuniary interest of 85% in such fund.