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Inspired Entertainment, Inc. — Director's Dealing 2020
Jan 3, 2020
33520_dirs_2020-01-03_53abba46-5e5f-405b-9c46-95426bcbd277.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Inspired Entertainment, Inc. (INSE)
CIK: 0001615063
Period of Report: 2019-12-31
Reporting Person: WEIL A LORNE (Director, Executive Chairman, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-12-31 | Common Stock | M | 60213 | — | Acquired | 60213 | Direct |
| 2019-12-31 | Common Stock | F | 23014 | $6.75 | Disposed | 37199 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-12-31 | Restricted Stock Units | $ | M | 60213 | Disposed | Common Stock (60213) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 476308 | Indirect |
Footnotes
F1: Represents conversion of restricted stock units into shares of common stock on a one-for-one basis.
F2: Represents shares withheld to satisfy tax withholding requirements for settlement of restricted stock units.
F3: Represents shares held by Hydra Industries Sponsor LLC (the "Hydra Sponsor"). Mr. Weil is the managing member of the Hydra Sponsor, whose membership interests are owned by Mr. Weil and Mr. Weil's children or trusts for their benefit. Mr. Weil has sole voting and dispositive power over the securities held by the Hydra Sponsor. Mr. Weil disclaims beneficial ownership over any securities owned by the Hydra Sponsor in which he does not have any pecuniary interest.
F4: The restricted stock units were approved by the Issuer's compensation committee subject to stockholder approval which was obtained in May 2019. One-third of the units vested on December 31, 2019 and the balance is scheduled to vest in two equal installments on each of December 31, 2020 and December 31, 2021.