Filing Details

Accession Number:
0001213900-18-000606
Form Type:
13G Filing
Publication Date:
2018-01-17 18:32:27
Filed By:
Ellin Marvin W.
Company:
Liveone Inc. (NASDAQ:LVO)
Filing Date:
2018-01-18
SEC Url:
13G Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Marvin Ellin, individually and as Trustee of the Robert Ellin Family Trust 3,268,012 0 3,268,012 0 3,268,012 6.6%
Filing
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

  

 

 

SCHEDULE 13G

(Rule 13d-102)

  

 

 

INFORMATION TO BE INCLUDED IN STATEMENTS PURSUANT TO RULES 13d-1(b), (c)

AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No.   )*

 

 

 

LiveXLive Media, Inc.

(Name of Issuer)

 

Common Stock, $0.001 par value per share

(Title of Class of Securities)

 

53839L208

(CUSIP Number)

 

December 21, 2017

(Date of Event Which Requires Filing of this Statement)

 

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

  

 

  

 

 

Schedule 13G

CUSIP No. 53839L208

  PAGE 2 of 6

 

  (1)   

NAME OF REPORTING PERSON

 

Marvin Ellin, individually and as Trustee of the Robert Ellin Family Trust

  (2)  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

 

(a)  ☐        (b)  ☐

 

Not Applicable 

  (3)  

SEC USE ONLY

 

  (4)  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH:

  (5)   

SOLE VOTING POWER:

 

3,268,012 (1)

  (6)  

SHARED VOTING POWER:

 

0    

  (7)  

SOLE DISPOSITIVE POWER:

 

3,268,012 (1)

  (8)  

SHARED DISPOSITIVE POWER:

 

0    

  (9)  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

3,268,012 (1)

(10)  

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

(11)  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

 

6.6% (1)(2)

(12)  

TYPE OF REPORTING PERSON:

 

IN

  

 
(1)

See Explanatory Note and Item 4 below.

  
(2)

Based upon (i) 36,619,759 shares of the Issuer’s common stock issued and outstanding as of December 13, 2017, as reported in the Issuer’s Registration Statement on Form S-1, Amendment No. 5, filed with the Securities and Exchange Commission on December 15, 2017 (the “Registration Statement”), plus (ii) 5,000,000 shares of the Issuer’s common stock sold in the Issuer’s underwritten public offering (excluding the over-allotment option) consummated on December 27, 2017, plus (iii) 7,802,671 shares of the Issuer’s common stock issued in connection with the acquisition of Slacker, Inc.

  

 

 

Schedule 13G

CUSIP No. 53839L208

  PAGE 3 of 6

 

Explanatory Note

 

On December 15, 2017, LiveXLive Media, Inc. (the “Company”) filed its Registration Statement on Form S-1, Amendment No. 5 (as amended, the “Registration Statement”), with the Securities and Exchange Commission (the “SEC”) in which it reported that Maile Moore was a beneficial owner of more than 5% of the issued and outstanding shares of the Company’s common stock, by virtue of her being the trustee of the Robert and Nancy Ellin Family Foundation and the trustee of the Robert Ellin Family Trust (the “Trust”). In connection with the filing of the Registration Statement, the Company filed its Registration Statement on Form 8-A with the SEC, which became effective on December 21, 2017 (the “Effective Date”).

 

Subsequent to the Effective Date, Ms. Moore ceased to serve as the trustee of the Trust and Marvin Ellin became the trustee of the Trust and as a result, the beneficial owner of more than 5% of the issued and outstanding shares of the Company’s common stock. This Schedule 13G is being filed by Mr. Ellin to report his aggregate beneficial ownership of the issued and outstanding shares of the Company’s common stock subsequent to the Effective Date.

 

ITEM 1(a). NAME OF ISSUER:

 

LiveXLive Media, Inc. (the “Issuer”)

 

ITEM 1(b). ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES:

 

269 South Beverly Drive, Suite #1450, Beverly Hills, CA 90212

 

ITEMS 2(a), 2(b) and 2(c). NAME OF PERSON FILING, ADDRESS OF PRINCIPAL BUSINESS OFFICE AND CITIZENSHIP:

 

  (a) Name of Person filing: Marvin Ellin, individually and as Trustee of the Robert Ellin Family Trust.

 

  (b) Address of Principal Business Office: c/o LiveXLive Media, Inc., 269 South Beverly Drive, Suite #1450, Beverly Hills, CA 90212.

 

  (c) Citizenship: United States of America

 

ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, $0.001 par value per share.

 

ITEM 2(e). CUSIP NUMBER: 53839L208

 

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

 

    (a)     Broker or dealer registered under Section 15 of the Act;
       
    (b)     Bank as defined in Section 3(a)(6) of the Act;
       
    (c)     Insurance Company as defined in Section 3(a)(19) of the Act;
       
    (d)     Investment Company registered under Section 8 of the Investment Company Act of 1940;
       
    (e)     Investment Adviser registered under Section 203 of the Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E);
       
    (f)     Employee Benefit Plan, Pension Fund which is subject to the provisions of the Employee Retirement Income Security Act of 1974 or Endowment Fund; see Rule 13d-1(b)(1)(ii)(F);
       
    (g)     Parent Holding Company, in accordance with Rule 13d- 1(b(ii)(G);
       
    (h)     Savings Associations as defined in Section 3(b) of the Federal Deposit Insurance Act;
       
    (i)     Church Plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940;
       
    (j)     Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 

 

 

Schedule 13G

CUSIP No. 53839L208

  PAGE 4 of 6

 

ITEM 4. OWNERSHIP.

 

(a) Amount beneficially owned: 

 

Subsequent to December 21, 2017 (the “Effective Date”), Mr. Ellin, may be deemed to beneficially own an aggregate of 3,268,012 shares of the Issuer’s common stock, $0.001 par value per share (the “Common Stock”). Such aggregate beneficial ownership consists of (i) 32,788 shares of Common Stock held by Mr. Ellin in his individual capacity and (ii) 3,235,224 shares of Common Stock held by the Robert Ellin Family Trust (the “Trust”), as Mr. Ellin, the trustee of the Trust, holds voting and dispositive power over such shares. Accordingly, securities owned by the Trust may be regarded as being beneficially owned by Mr. Ellin. Mr. Ellin disclaims beneficial ownership in the shares held by the Trust. Mr. Ellin is the father of Robert Ellin, the Company’s CEO, Chairman, director and principal stockholder.

 

(b) Percent of class: 6.6%**

 

(c) Number of shares as to which such person has:

 

  (i) sole power to vote or to direct the vote:  3,268,012 shares of Common Stock

 

  (ii) shared power to vote or to direct the vote: 0
     
  (iii) sole power to dispose or to direct the disposition of:  3,268,012 shares of Common Stock
     
  (iv) shared power to dispose or to direct the disposition of: 0

 

  ** Based upon (i) 36,619,759 shares of the Issuer’s common stock issued and outstanding as of December 13, 2017, as reported in the Issuer’s Registration Statement on Form S-1, Amendment No. 5, filed with the Securities and Exchange Commission on December 15, 2017, plus (ii) 5,000,000 shares of the Issuer’s common stock sold in the Issuer’s underwritten public offering (excluding the over-allotment option) consummated on December 27, 2017, plus (iii) 7,802,671 shares of the Issuer’s common stock issued in connection with the acquisition of Slacker, Inc.

 

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

 

If this statement is being filed to report the fact that as of the date hereof the reporting persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☐.

 

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

 

Not Applicable.

  

 

 

Schedule 13G

CUSIP No. 53839L208

  PAGE 5 of 6

 

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:

 

Not Applicable.

 

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

 

Not Applicable.

 

ITEM 9. NOTICE OF DISSOLUTION OF GROUP:

 

Not Applicable.

 

ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c))

 

The Reporting Person hereby makes the following certification:

 

By signing below the Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and not held in connection with or as a participant in any transaction having that purpose or effect.

  

 

 

Schedule 13G

CUSIP No. 53839L208

  PAGE 6 of 6

 

SIGNATURES

 

After reasonable inquiry and to the best of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

 

 

Marvin Ellin, individually and as Trustee of the

Robert Ellin Family Trust
   
Dated: January 17, 2018 By: /s/ Marvin Ellin
  Name:  Marvin Ellin