SEC Form 4/A · accession 0001615774-17-002192
Inspired Entertainment, Inc. · INSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Luke Lyon Alvarez
Officer — Chief Executive Officer · Director
Period of report
Dec 29, 2016
Accepted (ET)
May 10, 2017 · 4:58 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001615063
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2,F3 | Dec 29, 2016 | A | 926,272 | $0.00 | A | 926,272 | D | |
| Common StockF3 | Dec 29, 2016 | P | 150,720 | $10.00 | A | 1,091,303 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of restricted stock pursuant to the Inspired Entertainment, Inc. 2016 Long-Term Incentive Plan (the "Plan").
- F2The shares of restricted stock vest in three equal installments: Installment 1 -- On the later of (i) December 23, 2017 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $12.50 or higher. Installment 2 -- On the later of (i) December 23, 2018 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $15.00 or higher. Installment 3 -- On the later of (i) December 23, 2019 and (ii) the day following the first period of thirty (30) consecutive trading days during which the average of the closing prices for the Common Stock is $17.50 or higher.
- F3This amended Form 4 reflects (i) the reduction of 14,311 shares of restricted stock awarded on December 29, 2016 under the Plan in order to administratively correct an error in the calculation of such award and (ii) an administrative correction to the date of the purchase disclosed herein.
- F4Purchase pursuant to compensation arrangement in which Mr. Alvarez agreed to use 50% of his cash bonus to subscribe for shares of common stock at a price of $10.00 per share.