SEC Form 4 · accession 0001354488-15-001240
Function(x) Inc. · FNCX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sillerman Investment Co III, LLC
Director · 10% Owner
Period of report
Mar 16, 2015
Accepted (ET)
Mar 19, 2015 · 10:52 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000725876
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 8,230,623 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F6,F1 | $1.78 | Mar 16, 2015 | A | 350,000 | A | — | — | Common Stock | 350,000 | 350,000 | D |
| Series C Convertible Preferred StockF6,F2 | $4.00 | Mar 16, 2015 | A | 7,000 | A | — | — | Common Stock | — | 10,000 | D |
| Warrants (right to buy)F3 | $3.51 | holding | — | — | — | Oct 24, 2014 | Oct 24, 2019 | Common Stock | 225,000 | 225,000 | D |
| Warrants (right to buy)F4 | $2.98 | holding | — | — | — | Nov 25, 2014 | Nov 25, 2019 | Common Stock | 150,000 | 150,000 | D |
| Warrants (right to buy)F5 | $3.63 | holding | — | — | — | Dec 15, 2014 | Dec 15, 2019 | Common Stock | 775,000 | 775,000 | D |
Explanation of responses
- F1Warrants to purchase 350,000 shares of common stock, par value $0.001 per share of the Issuer at an exercise price of $1.78 per share issued to SIC III in connection with SIC III's purchase of 7,000 shares of Series C Convertible Preferred Stock. The warrants will expire five years after issuance.
- F2SIC III purchased 7,000 shares of the Issuer?s Series C Convertible Preferred Stock at a price of $1,000 per share. Each share has a stated value of $1,000, and is convertible into common stock at a conversion price of $4 per share. Therefore, the 7,000 shares of Series C Convertible Preferred Stock are convertible into 1,750,000 shares of the Issuer?s common stock. Such shares are convertible upon issuance and for a period of five years thereafter.
- F3Warrants previously acquired by SIC III, exercisable at $3.51 per share.
- F4Warrants previously acquired by SIC III, exercisable at $2.98 per share.
- F5Warrants previously acquired by SIC III, exercisable at $3.63 per share.
- F6Acquired in a transaction exempt from the provisions of Section 16(b) pursuant to Rule 16b-3 thereunder.