SEC Form 4 · accession 0001214659-16-015410
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
Dec 20, 2016
Accepted (ET)
Dec 22, 2016 · 11:17 am EST
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 | Dec 20, 2016 | A | 16,561 | $0.00 | A | 14,618,243 | D | |
| Common StockF6,F2 | holding | — | — | — | 42,100,056 | I | By spouse | |
| Common StockF3 | holding | — | — | — | 22,820,650 | I | By AvantaLion LLC | |
| Common StockF4 | holding | — | — | — | 15,534,956 | I | By JK&B Capital V Special Opportunity Fund, L.P. | |
| Common StockF5 | holding | — | — | — | 256,040 | I | By trust for benefit of grandchildren |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Semi-annual director's fee for the second half of 2016.
- F2Mr. 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.
- F3AvantaLion LLC is a Delaware limited liability company controlled by Mr. Wang.
- F4JK&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.
- F5Mr. Wang is the trustee for each of two trusts, and his grandchildren are the beneficiaries of the trusts.
- F6Includes 1,312,500 shares of common stock issuable upon the future vesting of Restricted Stock Unit (RSU) awards. The reporting person is not entitled to receive the shares of common stock underlying the RSUs, and has no rights of a shareholder with respect thereto, prior to vesting.