SEC Form 4 · accession 0001214659-16-011561
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
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 StockF7,F4 | May 11, 2016 | M | 450,000 | $0.43 | A | 40,656,096 | I | By spouse |
| Common Stock | holding | — | — | — | 14,575,791 | D | ||
| Common StockF1 | holding | — | — | — | 22,820,650 | I | By AvantaLion LLC | |
| Common StockF2 | holding | — | — | — | 15,534,956 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Common StockF3 | holding | — | — | — | 128,020 | I | By trust for benefit of grandchild | |
| Common StockF3 | holding | — | — | — | 128,020 | I | By trust for benefit of grandchild | |
| Restricted Common StockF5,F4 | holding | — | — | — | 750,000 | I | By spouse | |
| Restricted Common StockF6,F4 | holding | — | — | — | 750,000 | I | By spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1AvantaLion LLC is a Delaware limited liability company controlled by Mr. Wang.
- F2JK&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.
- F3Mr. Wang is the trustee for the two trusts and his grandchildren are the beneficiaries of the trusts.
- 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.
- F5The 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.
- F6The 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.
- F7Mr. Wang's spouse, Nancy Li, exercised options to purchase 450,000 shares of common stock for cash.