SEC Form 4 · accession 0001615774-17-007642
Inspired Entertainment, Inc. · INSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stewart Frank Bradley Baker
Officer — Chief Financial Officer
Period of report
Dec 23, 2017
Accepted (ET)
Dec 27, 2017 · 9:36 pm EST
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 StockF1,F2 | Dec 23, 2017 | M | 13,201 | — | A | 13,401 | D | |
| Common Stock | Dec 23, 2017 | F | 5,405 | $9.90 | D | 7,996 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F1 | — | Dec 23, 2017 | M | 13,201 | D | — | — | Common Stock | 13,201 | 26,401 | D |
Explanation of responses
- F1Represents vesting and settlement of restricted stock units ("RSUs") which convert into common stock on a one-for-one basis.
- F2Includes 200 shares acquired by the Reporting Person on September 4, 2017 under the Issuer's employee stock purchase plan in a transaction exempt from the reporting requirements under Section 16(a).
- F3The Issuer withheld these shares to satisfy the applicable withholding requirements upon vesting of the RSUs.
- F4The RSUs were granted to the Reporting Person on December 29, 2016. The first installment vested on December 23, 2017 and the remaining two installments vest ratably on December 23, 2018 and December 23, 2019, provided minimum price performance targets applicable to the installments (e.g., $15.00 and $17.50, respectively) have been reached based on the average closing prices for the Issuer's common stock for a period of at least thirty (30) consecutive trading days. If a specified price threshold has not been achieved prior to a scheduled vesting date, the portion of the award subject to that price threshold will vest on the first date thereafter when that price threshold is achieved, and provided further, that any unvested units shall expire on December 23, 2021 if a specified price threshold has not been reached by such date.