Filing Details

Accession Number:
0001354488-16-008309
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-09-22 20:19:35
Reporting Period:
2016-09-20
Filing Date:
2016-09-22
Accepted Time:
2016-09-22 20:19:35
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1282224 Dolphin Digital Media Inc DPDM Services-Personal Services (7200) 860787790
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1520776 Iv William O'dowd C/O Dolphin Digital Media, Inc.
2151 Le Jeune Road, Suite 150-Mezzanine
Coral Gables FL 33134
Chief Executive Officer Yes Yes 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 2016-09-20 483 $6.68 950,652 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
Common Stock 614,682 Indirect By Dolphin Entertainment, Inc.
Common Stock 1,242,104 Indirect By Dolphin Digital Media Holdings, LLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Series B Convertible Preferred Stock $0.00 2,185,000 2,300,000 Indirect
Expiration Date Amount Remaning Holdings Nature of Ownership
2,185,000 2,300,000 Indirect
Footnotes
  1. Represents the weighted average price of the shares purchased. The prices of the shares purchased pursuant to the transactions ranged from $6.50 to $6.75 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.
  2. On March 7, 2016, a merger was completed among the Issuer, DDM Merger Sub, Inc., Dolphin Entertainment, Inc. and Dolphin Films, Inc., pursuant to which the Issuer acquired Dolphin Films Inc. (the ?Merger?). Pursuant to the merger agreement, as part of the Merger consideration, the Issuer issued 2,300,000 shares of Series B Convertible Preferred Stock to Dolphin Entertainment, Inc., an entity wholly owned by the Reporting Person.
  3. Each share of Series B Convertible Preferred Stock is convertible into 0.95 shares of Common Stock at any time and has no expiration date.