SEC Form 4 · accession 0001144204-16-141628
Inspired Entertainment, Inc. · INSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin E Schloss
Officer — See Remarks
Period of report
Dec 23, 2016
Accepted (ET)
Dec 28, 2016 · 9:57 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001615063
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF1,F2 | $5.75 | Dec 23, 2016 | P | 300,000 | A | Jan 22, 2017 | Dec 23, 2021 | Common Stock | 1 | 300,000 | D |
Explanation of responses
- F1In connection with the Issuer's IPO on October 24, 2014, Mr. Schloss acquired 300,000 warrants, for an aggregate purchase price of $150,000, that could only become eligible for exercise upon consummation of the Issuer's initial business combination. Since the exercise of the warrants was contingent upon the closing of the business combination, these warrants were not reported at the time of acquisition. The acquisition is being reported now in connection with the Issuer's consummation of a business combination on December 23, 2016.
- F2The exercise price of the warrants is $5.75 per half share. Warrants may only be exercised for whole shares (2 warrants at $11.50 per share).
Remarks
Executive Vice President, Secretary and General Counsel