SEC Form 4 · accession 0001615774-18-001791
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
Mar 7, 2018
Accepted (ET)
Mar 9, 2018 · 9:34 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 | 926,272 | A | — | — | Common Stock | 926,272 | 926,272 | D |
Explanation of responses
- F1Represents a grant of restricted stock units ("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 by the Company to Mr. Weil under the Company's Second Long-Term Incentive Plan ("Second Incentive Plan"). Such grant was previously reported voluntarily on December 26, 2017.
- F2The RSUs vest on December 31, 2019, or earlier upon the occurrence of a Transformational M&A Transaction, a Change in Control of the Company, or Mr. Weil'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 Mr. Weil's services with the Company terminate or in the event of his death or disability, or upon a Change in Control.