Fluent, Inc. — Director's Dealing 2015

Mar 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Tiger Media, Inc. (IDI)
CIK: 0001460329
Period of Report: 2015-03-21

Reporting Person: FROST PHILLIP MD ET AL (10% Owner)
Reporting Person: Frost Gamma Investments Trust (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-21	Common Stock	A	2660309	—	Acquired	4804588	Indirect

Footnotes

F1: Received in exchange for common stock and preferred stock of The Best One, Inc. ("TBO") pursuant to the Merger Agreement and Plan of Reorganization by and among Tiger Media, Inc., TBO and the other parties thereto, dated December 14, 2014, as amended (the "Merger Agreement").

F2: This Form 4 does not include up to 900,108 shares of common stock of Tiger Media that may be issued to Frost Gamma Investments Trust to the extent certain revenue targets are achieved as set forth in the Merger Agreement.

F3: These securities are held by Frost Gamma Investments Trust, of which Phillip Frost M.D., is the trustee. Frost Gamma L.P. is the sole and exclusive beneficiary of Frost Gamma Investments Trust. Dr. Frost is one of two limited partners of Frost Gamma L.P. The general partner of Frost Gamma L.P. is Frost Gamma, Inc., and the sole shareholder of Frost Gamma, Inc. is Frost-Nevada Corporation. Dr. Frost is also the sole shareholder of Frost-Nevada Corporation. The reporting person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.