SEC Form 4 · accession 0001213900-18-006513
iPic Entertainment Inc. · IPIC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Hamid Hashemi
Officer — President, CEO & Chairman · Director · 10% Owner
Period of report
May 15, 2018
Accepted (ET)
May 17, 2018 · 7:01 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001720201
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | May 15, 2018 | F | 51,995 | $7.27 | D | 77,598 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On December 6, 2017, iPic Entertainment Inc. granted Hashemi Holdings, LLC 129,593 Restricted Stock Units ("RSUs"). The RSUs vested on May 15, 2018. Each RSU is equivalent to one share of Class A Common Stock of iPic Entertainment Inc. Hashemi Holdings, LLC elected to satisfy its tax obligation by surrendering shares of Class A Common Stock having a value on the date of the vesting equal to the witholding obligation.
- F2These shares are held by Hashemi Holdings, LLC. The reporting person is the sole stockholder of Hashemi Holdings, LLC and has sole voting and dispositive control over the shares reported on this form that are owned by Hashemi Holdings, LLC.