Filing Details

Accession Number:
0001214659-15-006753
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-09-24 11:58:53
Reporting Period:
2015-09-23
Filing Date:
2015-09-24
Accepted Time:
2015-09-24 11:58:53
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 Neulion, Inc.
1600 Old Country Road
Plainview NY 11803
No No No 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 2015-09-23 92,801 $0.53 12,974,970 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
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.
Common Stock 22,820,650 Indirect By AvantaLion LLC
Common Stock 40,206,096 Indirect By spouse
Restricted Common Stock 750,000 Indirect By spouse
Common Stock 128,020 Indirect By trust for benefit of grandchild
Common Stock 128,020 Indirect By trust for benefit of grandchild
Footnotes
  1. Mr. Wang purchased these shares from J. Christopher Wagner, the Executive Vice President, Marketplace Strategy, of NeuLion.
  2. The purchase price of each share was Cdn$0.70, which was the closing price of NeuLion's common stock on the Toronto Stock Exchange on September 22, 2015. The price was converted to US dollars using a rate of 0.7543, which was the closing foreign exchange rate of the Bank of Canada on September 22, 2015.
  3. 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.
  4. AvantaLion LLC is a Delaware limited liability company controlled by Mr. Wang.
  5. 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.
  6. Mr. Wang is the trustee for the two trusts and his grandchildren are the beneficiaries of the trusts.
  7. Mr. Wang's spouse was granted these restricted stock subject to the terms of the Amended and Restated NeuLion, Inc. 2012 Omnibus Securities and Incentive Plan. The restricted shares vest at a rate of one-quarter of their allotted amount per year over four years.