SEC Form 4 · accession 0001214659-16-011388
NEULION, INC. · NLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald Nunn
Officer — EVP, Business Operations
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 3:11 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 | 2,850,072 | D | |
| Restricted Common StockF2 | holding | — | — | — | 400,000 | D | ||
| Restricted Common StockF3 | 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)F4 | $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. Nunn received 85,819 shares of common stock in connection with such exercise.
- F2The 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.
- 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 March 7, 2016.
- F4The options vested in equal monthly increments over a 48-month period; the first increment vested on May 16, 2012.