LiveOne, Inc. — Director's Dealing 2020

Dec 8, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LiveXLive Media, Inc. (LIVX)
CIK: 0001491419
Period of Report: 2020-11-30

Reporting Person: QUARTIERI MICHAEL (CFO, EVP & Secretary)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$0		Common Stock, $0.001 par value (500000)		Direct

Footnotes

F1: The Restricted Stock Units (the "RSUs") reported herein were granted to the Reporting Person on November 30, 2020 pursuant to his Employment Agreement (the "Employment Agreement"), dated as of November 16, 2020 and effective as of November 30, 2020 (the "Effective Date").

F2: 250,000 of the RSUs (the "First RSUs Tranche") shall vest during the first open trading window under the Issuer's Insider Trading Policy which occurs after the 1st anniversary of the Effective Date (anticipated to be on or about November 16, 2021) (the "Initial Vesting Date") and the remainder of 250,000 of the RSUs (the "Second RSUs Tranche") shall vest upon each of the first four quarterly anniversaries of the Initial Vesting Date with the last vesting date being the two-year anniversary of the Effective Date (each a "Subsequent Vesting Date" and together with the Initial Vesting Date, each a "Vesting Date"), (continued to Footnote 3)

F3: (continued from Footnote 2) subject to the Reporting Person's continued employment with the Issuer through the applicable Vesting Date and subject to earlier vesting upon a Change of Control (as defined in the Employment Agreement) and other conditions as set forth in the Employment Agreement. Each vested RSU shall be settled by delivery to the Reporting Person of one share of the Issuer's common stock on the first to occur of: (i) the date of a Change of Control, (ii) promptly after the applicable Vesting Date, (iii) the date of the Reporting Person's death and (iv) the date of the Reporting Person's disability.