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Filing Details

Accession Number:: 0001213900-19-018221
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-09-16 21:00:12
Reporting Period:: 2019-09-12

Accepted Time:: 2019-09-16 21:00:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1491419	Livexlive Media Inc.	LIVX	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1071292	S Robert Ellin	C/O Livexlive Media, Inc. 269 South Beverly Drive, Suite #1450 Beverly Hills CA 90212	Ceo & Chairman	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $0.001 Par Value	Acquisiton	2019-09-12	2,621	$2.64	17,231,758	No	4	P	Indirect	See footnotes
Common Stock, $0.001 Par Value	Acquisiton	2019-09-13	2,000	$2.64	17,233,758	No	4	P	Indirect	See footnotes
Common Stock, $0.001 Par Value	Acquisiton	2019-09-13	500	$2.77	159,604	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See footnotes
No	4	P	Indirect	See footnotes
No	4	P	Direct

Footnotes

These shares were purchased by Trinad Capital Master Fund, Ltd.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.58 to $2.73, inclusive. The Reporting Person undertakes to provide to LiveXLive Media, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 2.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.285 to $2.85, inclusive. The Reporting Person undertakes to provide the Issuer any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 3.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.75 to $2.80, inclusive. The Reporting Person undertakes to provide the Issuer any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 4.
Includes (i) 6,836,058 and 6,838,058 shares of the Issuer's common stock (the "Common Stock") as of September 12, 2019 and September 13, 2019, respectively, owned by Trinad Capital Master Fund, Ltd. ("Trinad Capital"), as the Reporting Person, the Managing Director and Portfolio Manager of Trinad Capital, is deemed to have sole voting and dispositive power over such shares, (ii) 716,216 shares of Common Stock owned by Trinad Capital Management, LLC ("Trinad Management"), as the Reporting Person, the Managing Member of Trinad Management, is deemed to have sole voting and dispositive power over such shares, (iii) 6,814,210 shares of Common Stock owned by JJAT Corp. ("JJAT"), an entity owned by the Reporting Person, as the Reporting Person is deemed to have sole voting and dispositive power over such shares, (continued to footnote 6)
(continued from footnote 5) (iv) 1,213,209 shares of Common Stock owned by the Robert Ellin Profit Sharing Plan (the "Profit Sharing Plan"), as the Reporting Person, the trustee of the Profit Sharing Plan, is deemed to have sole voting and dispositive power over such shares, and (v) approximately 1,652,065 shares of Common Stock issuable as of August 29, 2019 upon conversion of the Issuer's convertible notes held by Trinad Capital, which Trinad Capital has the right to convert at the conversion price of $3.00 per share as a result of the Issuer's public offering completed on December 27, 2017. Accordingly, securities owned by these entities may be regarded as being beneficially owned by the Reporting Person.
Each of the Reporting Person and Trinad Management disclaim beneficial ownership of the reported securities except for the (i) Reporting Person's and Trinad Management's pecuniary interest therein, (ii) direct beneficial ownership of Trinad Management as reported herein, (iii) indirect interest of Trinad Management by virtue of being the Managing Director and Portfolio Manager of Trinad Capital, (iv) indirect interest of the Reporting Person by virtue of being a member of Trinad Management, (v) indirect interest of the Reporting Person by virtue of being a shareholder of JJAT, and (vi) indirect interest of the Reporting Person by virtue of being a member of Trinad Capital. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Does not include 4,486,962 shares of Common Stock held by a family trust and family foundation as to which the Reporting Person does not exercise voting or dispositive power.