SEC Form 4 · accession 0001213900-19-002010
LiveOne, Inc. · LVO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael J Bebel
Officer — Senior Executive VP
Period of report
Feb 6, 2019
Accepted (ET)
Feb 8, 2019 · 9:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001491419
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Feb 6, 2019 | A | 500,000 | A | — | — | Common Stock, $0.001 par value | 500,000 | 500,000 | D |
Explanation of responses
- F1The Restricted Stock Units (the "RSUs") reported herein were granted to the Reporting Person on February 6, 2019 pursuant to his Employment Agreement (the "Employment Agreement"), dated as of January 28, 2019 (the "Effective Date").
- F283,105 of the RSUs shall vest on the later of (i) July 28, 2019 and (ii) the earlier of (x) the expiration of any "lock up" agreement in respect of shares of the Issuer's capital stock to which the Reporting Person is subject and (y) June 30, 2019, and the remainder of 416,895 of the RSUs shall vest in ten equal installments every three months thereafter with the last vesting date being the three-year anniversary of the Effective Date, subject to the Reporting Person's continued employment with the Issuer through the applicable vesting date. Each vested RSU shall be settled by delivery to the Reporting Person of one share of the Issuer's common stock as soon as practicable after the applicable vesting. In the event of a "Change of Control" (as defined in the Employment Agreement) any unvested portion of the RSUs shall vest immediately prior to such event.