SEC Form 4 · accession 0001553350-16-002399
Bright Mountain Media, Inc. · BMTM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
W Kip Speyer
Officer — CEO/President/Chairman · Director · 10% Owner
Period of report
Aug 18, 2016
Accepted (ET)
Aug 19, 2016 · 8:44 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001568385
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 18, 2016 | A | 201,200 | — | A | 20,278,593 | D | |
| Common StockF2 | Aug 18, 2016 | A | 201,200 | — | A | 20,479,793 | D | |
| Common StockF3 | Aug 18, 2016 | A | 201,200 | — | A | 20,680,993 | D | |
| Common StockF4 | Aug 18, 2016 | A | 100,600 | — | A | 20,781,593 | D | |
| Common StockF5 | Aug 18, 2016 | A | 100,600 | — | A | 20,882,193 | D | |
| Common StockF6 | Aug 18, 2016 | A | 100,600 | — | A | 20,982,793 | D | |
| Common StockF7 | Aug 18, 2016 | A | 100,600 | — | A | 21,083,393 | D | |
| Common StockF8 | Aug 18, 2016 | A | 212,075 | — | A | 21,295,468 | D | |
| Common StockF9 | Aug 18, 2016 | A | 106,037 | — | A | 21,401,505 | D | |
| Common StockF10 | Aug 18, 2016 | A | 212,075 | — | A | 21,613,580 | D | |
| Common StockF11 | Aug 18, 2016 | A | 212,075 | — | A | 21,825,655 | D | |
| Common StockF12 | Aug 18, 2016 | A | 212,075 | — | A | 22,037,730 | D | |
| Common StockF13 | Aug 18, 2016 | A | 212,075 | — | A | 22,249,805 | D | |
| Common StockF14 | Aug 18, 2016 | A | 212,075 | — | A | 22,461,880 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| $1 principal amount 12% convertible promissory noteF1 | — | Aug 18, 2016 | C | 100,000 | D | Dec 22, 2015 | Dec 22, 2022 | Common Stock | 200,000 | 0 | D |
| $1 principal amount 12% convertible promissory noteF2 | — | Aug 18, 2016 | C | 100,000 | D | Feb 9, 2016 | Feb 9, 2023 | Common Stock | 200,000 | 0 | D |
| $1 principal amount 12% convertible promissory noteF3 | — | Aug 18, 2016 | C | 100,000 | D | May 19, 2016 | May 19, 2023 | Common Stock | 200,000 | 0 | D |
| $1 principal amount 12% convertible promissory noteF4 | — | Aug 18, 2016 | C | 50,000 | D | Jun 10, 2016 | Jun 10, 2023 | Common Stock | 100,000 | 0 | D |
| $1 principal amount 12% convertible promissory noteF5 | — | Aug 18, 2016 | C | 50,000 | D | Jun 23, 2016 | Jun 23, 2023 | Common Stock | 100,000 | 0 | D |
| $1 principal amount 12% convertible promissory noteF6 | — | Aug 18, 2016 | C | 50,000 | D | Jul 7, 2016 | Jul 7, 2023 | Common Stock | 100,000 | 0 | D |
| $1 principal amount 12% convertible promissory noteF7 | — | Aug 18, 2016 | C | 50,000 | D | Jul 25, 2016 | Jul 25, 2023 | Common Stock | 100,000 | 0 | D |
| 10% Series A convertible preferred stockF8 | — | Aug 18, 2016 | C | 200,000 | D | Nov 21, 2013 | Nov 21, 2018 | Common Stock | 200,000 | 0 | D |
| 10% Series A convertible preferred stockF9 | — | Aug 18, 2016 | C | 100,000 | D | Dec 31, 2013 | Dec 31, 2018 | Common Stock | 100,000 | 0 | D |
| 10% Series A convertible preferred stockF10 | — | Aug 18, 2016 | C | 200,000 | D | Mar 17, 2015 | Mar 17, 2020 | Common Stock | 200,000 | 0 | D |
| 10% Series C convertible preferred stockF11 | — | Aug 18, 2016 | C | 200,000 | D | Sep 24, 2014 | Sep 24, 2019 | Common Stock | 200,000 | 0 | D |
| 10% Series C convertible preferred stockF12 | — | Aug 18, 2016 | C | 200,000 | D | Nov 20, 2014 | Nov 20, 2019 | Common Stock | 200,000 | 0 | D |
| 10% Series C convertible preferred stockF13 | — | Aug 18, 2016 | C | 200,000 | D | Dec 16, 2014 | Dec 16, 2019 | Common Stock | 200,000 | 0 | D |
| 10% Series C convertible preferred stockF14 | — | Aug 18, 2016 | C | 200,000 | D | Dec 31, 2014 | Dec 31, 2019 | Common Stock | 200,000 | 0 | D |
Explanation of responses
- F1Shares issued pursuant to the conversion $100,000 of principal and accrued but unpaid interest due the Reporting Person under the terms of a 12% convertible promissory note dated December 22, 2015 at a conversion price of $0.50 per share.
- F10Shares issued pursuant to the conversion of 200,000 shares of 10% Series A convertible preferred stock, including accrued dividends at a conversion price of $1.00 per share.
- F11Shares issued pursuant to the conversion of 200,000 shares of 10% Series C convertible preferred stock, including accrued dividends at a conversion price of $1.00 per share.
- F12Shares issued pursuant to the conversion of 200,000 shares of 10% Series C convertible preferred stock, including accrued dividends at a conversion price of $1.00 per share.
- F13Shares issued pursuant to the conversion of 200,000 shares of 10% Series C convertible preferred stock, including accrued dividends at a conversion price of $1.00 per share.
- F14Shares issued pursuant to the conversion of 200,000 shares of 10% Series C convertible preferred stock, including accrued dividends at a conversion price of $1.00 per share.
- F2Shares issued pursuant to the conversion $100,000 of principal and accrued but unpaid interest due the Reporting Person under the terms of a 12% convertible promissory note dated February 9, 2016 at a conversion price of $0.50 per share.
- F3Shares issued pursuant to the conversion $100,000 of principal and accrued but unpaid interest due the Reporting Person under the terms of a 12% convertible promissory note dated May 19, 2016 at a conversion price of $0.50 per share.
- F4Shares issued pursuant to the conversion $50,000 of principal and accrued but unpaid interest due the Reporting Person under the terms of a 12% convertible promissory note dated June 10, 2016 at a conversion price of $0.50 per share.
- F5Shares issued pursuant to the conversion $50,000 of principal and accrued but unpaid interest due the Reporting Person under the terms of a 12% convertible promissory note dated June 23, 2016 at a conversion price of $0.50 per share.
- F6Shares issued pursuant to the conversion $50,000 of principal and accrued but unpaid interest due the Reporting Person under the terms of a 12% convertible promissory note dated July 7, 2016 at a conversion price of $0.50 per share.
- F7Shares issued pursuant to the conversion $50,000 of principal and accrued but unpaid interest due the Reporting Person under the terms of a 12% convertible promissory note dated July 25, 2016 at a conversion price of $0.50 per share.
- F8Shares issued pursuant to the conversion of 200,000 shares of 10% Series A convertible preferred stock, including accrued dividends at a conversion price of $1.00 per share.
- F9Shares issued pursuant to the conversion of 200,000 shares of 10% Series A convertible preferred stock, including accrued dividends at a conversion price of $1.00 per share.