AI assistant
JAKKS PACIFIC INC — Director's Dealing 2021
Jan 5, 2021
33653_dirs_2021-01-05_5ffd8055-89b0-4059-92ad-813fed92a28a.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: JAKKS PACIFIC INC (JAKK)
CIK: 0001009829
Period of Report: 2021-01-01
Reporting Person: MCGRATH JOHN JOSEPH (Chief Operating Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-01-01 | Common Stock | A | 28474 | $4.98 | Acquired | 167414 | Direct |
| 2021-01-05 | Common Stock | F | 7250 | $4.98 | Disposed | 160164 | Direct |
Footnotes
F1: Represents the closing price of the Issuer's common stock on 12/31/20, as reported by Nasdaq.
F2: Certain of these shares may be restricted from transfer pursuant to the minimum stock ownership provision in Holder's Employment Agreement with the Issuer.
F3: All share amounts have been adjusted to reflect the 1-10 reverse split effective July 9, 2020.
F4: Such 28,474 shares were issued pursuant to the terms of Holder's Employment Agreement with the Issuer (as amended and clarified to date) and are further subject to the terms of that certain January 1, 2021 Restricted Stock Award Agreement (the "Agreement") by and between the Holder and the Issuer. Such 28,474 shares shall vest in four equal annual installments over four years. These shares have no voting rights until vested.
F5: Represents that number of shares surrendered by the Holder in order to satisfy a tax withholding obligation, as permitted by the terms of a previously reported Restricted Stock Award Agreement by and between the Holder and the Issuer and as approved by the Compensation Committee of the Issuer's Board of Directors.
F6: Includes 25,532 shares, all or some of which are subject to forfeiture in the event previously disclosed performance based vesting measures are not met as of 12/31/20, but it is not currently determinable at this time if any of such vesting measures were met.