SEC Form 4 · accession 0001104659-15-017097
SFX Entertainment, INC · SFXE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert F X Sillerman
Officer — CEO and Chairman of Board Dir. · Director · 10% Owner
Period of report
Mar 4, 2015
Accepted (ET)
Mar 5, 2015 · 3:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001553588
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 4, 2015 | J | 1,885,000 | $0.00 | D | 3,061,000 | D | |
| Common StockF3 | holding | — | — | — | 29,960,263 | I | By Sillerman Investment Company III LLC | |
| Common StockF4 | holding | — | — | — | 1,333,000 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The transaction reported in this row represents the transfer of shares to the counterparties to certain nominee agreements with Mr. Sillerman. These counterparties previously named Mr. Sillerman as nominee with respect to these shares. Following these transfers, these shares are no longer subject to the nominee agreements and Mr. Sillerman is no longer a beneficial owner of such shares.
- F2These shares are beneficially owned by Mr. Sillerman pursuant to nominee agreements with various stockholders of the Company (including one partnership controlled by Mr. Sillerman) (such stockholders, the "Beneficiaries") that name Mr. Sillerman as nominee with respect to such shares. The nominee agreements may be terminated upon the earlier of (i) two business days after delivery by the Beneficiary to Mr. Sillerman of written notice to terminate the agreement or (ii) two business days after delivery by Mr. Sillerman to the Beneficiary of his written notice of resignation as nominee.
- F3These shares are owned indirectly by Mr. Sillerman as manager and sole member of Sillerman Investment Company III LLC.
- F4This row includes 100,000 restricted shares that will vest on December 31, 2015, 1,000,000 restricted shares that will vest on February 11, 2016, and 233,000 restricted shares that will vest on October 15, 2016, all subject to accelerated vesting under certain conditions as set forth in Mr. Sillerman's employment agreement.