SEC Form 4 · accession 0001615774-17-003460
Inspired Entertainment, Inc. · INSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
A Lorne Weil
Officer — Executive Chairman · Director · 10% Owner
Period of report
Jun 28, 2017
Accepted (ET)
Jun 30, 2017 · 7:00 pm EDT
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| WarrantF3,F1,F2 | $5.75 | Jun 28, 2017 | J | 100,000 | D | — | Dec 23, 2021 | Common Stock | 50,000 | 4,100,000 | D |
| WarrantF4,F1,F2 | $5.75 | holding | — | — | — | — | Dec 23, 2021 | Common Stock | 1,834,615 | 3,669,230 | I |
Explanation of responses
- F1Such warrants are currently exercisable.
- 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).
- F3Such warrants were transferred in private transactions to two individuals who provided assistance to Hydra Industries Sponsor LLC ("Sponsor"), an affiliate of Mr. Weil, prior to, and in connection with, the issuer's business combination. The transferees issued promissory notes to Mr. Weil in the aggregate amount of $22,000 in connection with such transfers.
- F4The warrants owned indirectly are held by the Sponsor, as to which Mr. Weil has sole voting and dispositive power and may be deemed to beneficially own such warrants. Mr. Weil is the managing director of Hydra Industries Sponsor LLC, whose membership interests are owned by Mr. Weil and Mr. Weil's children or trusts for their benefit. Mr. Weil disclaims beneficial ownership over any securities owned by the Sponsor in which he does not have any pecuniary interest.