SEC Form 4 · accession 0001214659-16-011670
NEULION, INC. · NLN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Christopher Wagner
Officer — EVP, Marketplace Strategy
Period of report
May 16, 2016
Accepted (ET)
May 18, 2016 · 2:26 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 16, 2016 | S | 150,000 | $0.8869 | D | 1,065,323 | D | |
| Common Stock | May 18, 2016 | M | 150,000 | $0.43 | A | 1,215,323 | D | |
| Restricted Common StockF2 | holding | — | — | — | 200,000 | 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 18, 2016 | M | 150,000 | D | — | May 19, 2016 | Common Stock | 150,000 | 0 | D |
Explanation of responses
- F1Multiple same-way open market sales effected on the same day within a one-dollar price range are reported on this line. The figure in the price column is the weighted average sale price for these transactions. These trades were executed on the Toronto Stock Exchange, and the sale prices were in Canadian dollars. The price per share for each sale was between Cdn$1.14 and Cdn$1.17. The sale prices were converted to US dollars by the executing broker using exchange rates between 1.2891 and 1.2901. The reporting person undertakes to provide, upon request by the Commission staff, NeuLion, Inc., or a security holder of NeuLion, Inc., full information regarding the number of shares sold at each separate price.
- 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.