JAKKS PACIFIC INC — Director's Dealing 2021

Jul 26, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JAKKS PACIFIC INC (JAKK)
CIK: 0001009829
Period of Report: 2021-07-22

Reporting Person: Benefit Street Partners LLC (10% Owner)
Reporting Person: Gahan Thomas (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-22	Common Stock	P	283500	$10.1049	Acquired	1056639	Indirect
2021-07-23	Common Stock	P	300000	$10.5264	Acquired	1356639	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-22	2023 Convertible Senior Notes	$5.647	S		Disposed	2021-09-01	Common Stock (265628)	Indirect
2021-07-23	2023 Convertible Senior Notes	$5.647	S		Disposed	2021-09-01	Common Stock (295125)	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $9.72 to $10.59, inclusive. The reporting persons undertake to provide to JAKKS Pacific, Inc. (the "Issuer"), any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes (1) and (2) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $10.07 to $10.75, inclusive.

F3: The reported securities are held by one or more private funds and accounts (the "BSP Funds"). Benefit Street Partners L.L.C. ("BSP") is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended. BSP serves as the investment adviser to each of the BSP Funds. Mr. Gahan controls BSP in his role as Chief Executive Officer of BSP's sole managing member. As a result, each of BSP and Mr. Gahan may be deemed to beneficially own the securities held by the BSP Funds. Each reporting person disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F4: Pursuant to the certificate of designations for the Issuer's Series A Senior Preferred Stock and a voting agreement between the Issuer and certain holders party thereto, BSP has certain director designation rights with respect to the Issuer's board of directors. Matthew Winkler currently serves as BSP's designee.