SEC Form 4 · accession 0001493152-16-012011
FuboTV Inc. · FUBO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Scott Cohen
Officer — CEO · Director
Period of report
Jul 25, 2016
Accepted (ET)
Aug 4, 2016 · 7:06 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001484769
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series C Preferred StockF1,F2,F3 | — | Jul 25, 2016 | P | 12,750,000 | A | — | — | Common Stock | 25,500,000 | 12,750,000 | I |
Explanation of responses
- F1The Issuer issued 12,750,000 shares of Series C Preferred Stock, par value $0.0001 per share, to South Centre, Inc. in exchange for $1,275 (price of $0.0001 per share). Each share of Series C Preferred Stock, par value $0.0001 per share, is convertible into two shares of Common Stock provided that this option is not exercisable until there are sufficient shares of Common Stock authorized for the conversion of all of the Series C Preferred Stock. There is no exercise price/additional consideration for exercising the Series C Preferred Stock and there is no expiration date as to the right to convert the Series C Preferred Stock into Common Stock. Each share of Series C Preferred Stock has one vote per share on all matters submitted to a vote of our stockholders.
- F2On July 25, 2016, 2,500,000 shares of Series A Preferred Stock were redeemed by the Issuer from South Centre, Inc. for a price of $250 (price of $0.0001 per share). This left a balance of 2,500,000 shares of Series A Preferred Stock held by South Centre, Inc. Series A Preferred Stock, par value $0.0001 per share, has 100-to-1 voting preference where every one share of Series A Preferred Stock is equivalent in votes to one hundred shares of Common Stock. Series A Preferred Stock are not convertible into Common Stock.
- F3South Centre, Inc. is the direct beneficial owner of the shares of Series C Preferred Stock and the shares of Series A Preferred Stock. David Cohen is the sole owner of South Centre, Inc. and is, therefore, an indirect beneficial owner of the shares of Series C Preferred Stock and the shares of the Series A Preferred Stock.