SEC Form 4 · accession 0001615774-18-001790
Inspired Entertainment, Inc. · INSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Daniel B. Silvers
Officer — EVP & Chief Strategy Officer
Period of report
Mar 7, 2018
Accepted (ET)
Mar 9, 2018 · 9:33 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 7, 2018 | A | 12,500 | A | — | — | Common Stock | 12,500 | 12,500 | D |
| Restricted Stock UnitsF3,F4 | — | Mar 7, 2018 | A | 150,000 | A | — | — | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Represents a grant of restricted stock units ("RSUs") approved by the Issuer's board of directors in December 2016 subject to stockholder approval which was obtained on March 7, 2018. Each RSU represents a contingent right to receive one share of common stock at settlement, subject to the terms and conditions set forth in the award of such RSUs to the holder under the Inspired Entertainment, Inc. Second Long-Term Incentive Plan ("Second Incentive Plan"). Such grant was previously reported voluntarily on January 5, 2017.
- F2The RSUs vest on the earliest of (i) December 23, 2019, (ii) the holder's death, (iii) the holder's disability (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended) or (iv) the closing of a Change in Control.
- F3Represents a grant of RSUs approved by the Issuer's board of directors in December 2017 subject to stockholder approval which was obtained on March 7, 2018. Each RSU represents a contingent right to receive one share of common stock at settlement, subject to the terms and conditions set forth in the award of such RSUs to the holder under the Second Incentive Plan. Such grant was previously reported voluntarily on December 26, 2017.
- F4The RSUs vest on December 31, 2019, or earlier upon the occurrence of a Transformational M&A Transaction, a Change in Control, or the holder's death, disability or termination without cause, subject to the terms and conditions set forth in the award agreement and the Second Incentive Plan. Settlement of vested RSUs shall not occur until the holder's services with the Issuer terminate or in the event of the holder's death or disability, or upon a Change in Control.
Remarks
Exhibit List: Exhibit 24 - Power of Attorney