Dolphin Entertainment, Inc. — Director's Dealing 2017

Jan 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: DOLPHIN DIGITAL MEDIA INC (DPDM)
CIK: 0001282224
Period of Report: 2016-12-29

Reporting Person: O'Dowd William IV (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-29	Common Stock	J	1050000	$5.00	Disposed	1749682	Indirect
2016-12-29	Common Stock	J	300000	$5.00	Disposed	1449682	Indirect
2016-12-30	Common Stock	J	70000	$5.00	Disposed	1379682	Indirect
2016-12-30	Common Stock	J	200000	$5.00	Disposed	1179682	Indirect
2016-12-30	Common Stock	J	10000	$5.00	Disposed	1169682	Indirect
2016-12-30	Common Stock	J	62000	$5.00	Disposed	1107682	Indirect
2016-12-30	Common Stock	J	52000	$5.00	Disposed	1055682	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	953900	Direct
Common Stock	1242104	Indirect

Footnotes

F1: On December 29, 2016, Dolphin Entertainment, Inc., an entity wholly owned by the Reporting Person, sold 1,050,000 shares of the Issuer?s Common Stock at a price of $5.00 per share in exchange for (i) all of the purchaser?s rights to profit distributions from Dolphin Entertainment, Inc. arising under equity finance agreements dated March 14, 2011 and June 29, 2011 pursuant to which the purchaser previously invested in Dolphin Entertainment, Inc. and (ii) the purchaser?s remaining 50% membership interests in several of Dolphin Entertainment, Inc.?s subsidiaries.

F2: On December 29, 2016, Dolphin Entertainment, Inc. entered into a debt exchange agreement pursuant to which it exchanged $1,500,000 of outstanding debt at a price of $5.00 per share, for 300,000 shares of the Issuer?s Common Stock.

F3: On December 30, 2016, Dolphin Entertainment, Inc. entered into a debt exchange agreement pursuant to which it exchanged $350,000 of outstanding debt at a price of $5.00 per share, for 70,000 shares of the Issuer?s Common Stock.

F4: On December 30, 2016, Dolphin Entertainment, Inc. entered into a debt exchange agreement pursuant to which it exchanged $1,000,000 of outstanding debt at a price of $5.00 per share, for 200,000 shares of the Issuer?s Common Stock.

F5: On December 30, 2016, Dolphin Entertainment, Inc. entered into a debt exchange agreement pursuant to which it exchanged $50,000 of outstanding debt of a subsidiary at a price of $5.00 per share, for 10,000 shares of the Issuer?s Common Stock.

F6: On December 30, 2016, Dolphin Entertainment, Inc. entered into a debt exchange agreement pursuant to which it exchanged $310,000 of outstanding debt of a subsidiary at a price of $5.00 per share, for 62,000 shares of the Issuer?s Common Stock.

F7: On December 30, 2016, Dolphin Entertainment, Inc. entered into an equity finance exchange agreement pursuant to which it terminated certain rights and interests owing under an equity finance agreement in the amount of $260,000, at a price of $5.00 per share, for 52,000 shares of the Issuer?s Common Stock.