SEC Form 4 · accession 0001615774-18-003309
Inspired Entertainment, Inc. · INSE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brooks H Pierce
Officer — President and COO
Period of report
May 1, 2018
Accepted (ET)
May 3, 2018 · 8:07 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | May 1, 2018 | A | 100,000 | A | — | — | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1Each restricted stock unit ("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. Pierce, under the Inspired Entertainment, Inc. Second Long-Term Incentive Plan (the "Plan").
- F2The RSUs vest on May 1, 2020, or earlier upon the occurrence of a Transformational M&A Transaction, a Change in Control of the Company, or death, disability, termination by the Company without cause or termination by Mr. Pierce with good reason, subject to the terms and conditions set forth in the award agreement and the Plan. Settlement of vested RSUs shall not occur until Mr. Pierce's services with the Company terminate or in the event of his death or disability, or upon a Change in Control.