Filing Details

Accession Number:
0001188070-13-000003
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-06-12 10:51:38
Reporting Period:
2013-06-05
Filing Date:
2013-06-12
Accepted Time:
2013-06-12 10:51:38
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1387713 Neulion Inc. NLN Cable & Other Pay Television Services (4841) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1188070 B Charles Wang C/O Neulion, Inc.
1600 Old Country Road
Plainview NY 11803
Yes No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2013-06-05 2,665,100 $0.20 9,412,032 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Warrant (right to buy) Acquisiton 2013-06-05 1,420,800 $0.20 1,420,800 $0.30
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,420,800 2013-06-05 2015-03-21 No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 22,830,650 Indirect By AvantaLion LLC
Common Stock 128,020 Indirect By trust for benefit of grandchild
Common Stock 128,020 Indirect By trust for benefit of grandchild
Common Stock 39,216,934 Indirect By spouse
Class 3 Preference Shares 6,313,875 Indirect By JK&B Capital V Special Opportunity Fund, L.P.
Class 4 Preference Shares 4,035,356 Indirect By JK&B Capital V Special Opportunity Fund, L.P.
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Warrant (right to buy) $0.30 2013-01-26 2015-03-25 1,167,250 1,167,250 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2015-03-25 1,167,250 1,167,250 Direct
Footnotes
  1. On June 5, 2013, the stockholders of the Company approved the conversion of a loan of approximately CDN$533,100 (US$545,627.85), as evidenced by a convertible note, made to the Company by Mr. Wang, the Chairman of the Board of the Company. Automatically upon receipt of stockholder approval, all outstanding principal (in the amount of US$545,627.85) and all accrued unpaid interest (in the amount of US$22,692.14) owing on the convertible note was converted to common stock and warrants of the Company by dividing $568,319.99 (the sum of the principal and interest) by the conversion price set forth in the convertible note of US$0.20 per share of common stock. The resulting quotient of 2,841,600 is the number of shares of common stock issued, and half that amount, or 1,420,800, is the number of warrants issued.
  2. AvantaLion LLC is a Delaware limited liability company controlled by Mr. Wang.
  3. Mr. Wang is the trustee for the two trusts and his grandchildren are the beneficiaries of the trusts.
  4. Mr. Wang disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that Mr. Wang is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
  5. JK&B Capital V Special Opportunity Fund, L.P. is a limited partnership that is not controlled by Mr. Wang. Mr. Wang has a pecuniary interest in 86% of such fund.