Accel Entertainment, Inc. — Director's Dealing 2021

Jul 16, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Accel Entertainment, Inc. (ACEL)
CIK: 0001698991
Period of Report: 2021-07-13

Reporting Person: Phelan Mark T. (Chief Revenue Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-13	Class A-1 Common Stock	M	4075	—	Acquired	90939	Direct
2021-07-13	Class A-1 Common Stock	M	29636	$3.37	Acquired	120575	Direct
2021-07-13	Class A-1 Common Stock	M	24	$5.24	Acquired	120599	Direct
2021-07-15	Class A-1 Common Stock	F	1232	$11.2284	Disposed	119367	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-13	Restricted Stock Units (RSU)	$	M	4075	Disposed		Class A-1 Common Stock (4075.0)	Direct
2021-07-13	Employee Stock Option (Right to Buy)	$3.37	M	29636	Disposed	2022-07-28	Class A-1 Common Stock (29636.0)	Direct
2021-07-13	Employee Stock Option (Right to Buy)	$5.24	M	24	Disposed	2025-03-10	Class A-1 Common Stock (24.0)	Direct

Footnotes

F1: Each restricted stock unit ("RSU") represents a contingent right to receive 1 share of the Issuer's Class A-1 Common Stock upon settlement for no consideration.

F2: 1/4 of the RSUs will vest on July 13, 2021, and the remainder will vest as to 1/16 of the total award in quarterly installments thereafter, subject to the Reporting Person's continuing service to the Issuer on each vesting date.

F3: Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/3 of the total award will vest on June 28, 2020, and the remainder will vest as to 1/3 of the total award annually thereafter, subject to the Reporting Person's continued service to the issuer on each vesting date.

F4: Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/4 of the total award will vest on December 11, 2020, and the remainder will vest as to 1/4 of the total award annually thereafter, subject to the Reporting Person's continued service to the issuer on each vesting date.