SEC Form 4 · accession 0001214659-16-011560
NEULION, INC. · NLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nancy Li
Officer — Executive Vice Chairman · Director · 10% Owner
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 5:09 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 Stock | May 11, 2016 | M | 450,000 | $0.43 | A | 40,600,056 | D | |
| Restricted Common StockF1 | holding | — | — | — | 750,000 | D | ||
| Restricted Common StockF2 | holding | — | — | — | 750,000 | D | ||
| Common StockF3 | holding | — | — | — | 28,020 | I | By trust for benefit of child. | |
| Common StockF3 | holding | — | — | — | 28,020 | I | By trust for benefit of child | |
| Common StockF4 | holding | — | — | — | 53,187,437 | I | By spouse |
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 11, 2016 | M | 450,000 | D | — | May 19, 2016 | Common Stock | 450,000 | 0 | D |
Explanation of responses
- F1The 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.
- 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 March 7, 2016.
- F3Ms. Li is the trustee for the two trusts and her children are the beneficiaries of the trusts.
- F4Ms. Li disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Ms. Li is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F5The options vested in equal monthly increments over a 48-month period; the first increment vested on May 16, 2012.