SEC Form 4 · accession 0001214659-16-011387
NEULION, INC. · NLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roy E Reichbach
Officer — General Counsel & Corp. Sec. · Director
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 3:10 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 | May 6, 2016 | M | 85,819 | $0.43 | A | 639,701 | D | |
| Common StockF2 | holding | — | — | — | 5,000,000 | I | By Charles B. Wang Multigenerational 2012 Trust | |
| Restricted Common StockF3 | holding | — | — | — | 300,000 | D | ||
| Restricted Common StockF4 | holding | — | — | — | 600,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right to buy)F5 | $0.43 | May 6, 2016 | M | 150,000 | D | — | May 19, 2016 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1Options to purchase 150,000 shares of common stock were exercised on a net basis, and Mr. Reichbach received 85,819 shares of common stock in connection with such exercise.
- F2Mr. Reichbach is the trustee of the Charles B. Wang Multigenerational 2012 Trust and in such capacity has voting and dispositive control with respect to such shares. Mr. Reichbach disclaims beneficial ownership of the shares held by the 2012 Trust.
- F3The reporting person 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.
- F4The reporting person 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.
- F5The options vested in equal monthly increments over a 48-month period; the first increment vested on May 16, 2012.