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Filing Details

Accession Number:: 0000905718-21-001345
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-10-15 19:50:18
Reporting Period:: 2020-02-05

Accepted Time:: 2021-10-15 19:50:18
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1643988	Loop Media Inc.	LPTV	Services-Help Supply Services (7363)	473975872

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1795502	Trust Irrevocable 2013 Cassidy A. Bruce	C/O Loop Media, Inc. 700 N. Central Ave. Suite 430 Glendale CA 91203		No	No	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
Common Stock	Disposition	2020-02-05	60,000,000	$0.00	0	No	4	J	Direct
Common Stock	Acquisiton	2020-09-30	960,000	$1.25	960,000	No	4	P	Direct
Common Stock	Acquisiton	2021-06-01	7,982	$2.80	967,982	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	J	Direct
No	4	P	Direct
No	4	J	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series B Preferred Stock	Acquisiton	2020-02-05	200,000	$0.00	20,000,000	$0.00
Common Stock	Series A Preferred Stock	Disposition	2020-02-05	2,654,000	$0.00	0	$0.00
Common Stock	Series A Preferred Stock	Disposition	2020-02-05	30,000	$0.00	0	$0.00
Common Stock	Series A Preferred Stock	Disposition	2020-02-05	16,000	$3.13	0	$0.00
Common Stock	4% Convertible Note	Acquisiton	2020-12-01	0	$0.00	0	$0.00
Common Stock	Warrant	Acquisiton	2020-12-01	68,182	$0.00	68,182	$2.75

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
200,000		No	4	J	Direct
46,000		No	4	J	Direct
16,000		No	4	G	Direct
0		No	4	S	Direct
0	2022-12-01	No	4	P	Direct
68,182		No	4	P	Direct

Footnotes

On February 5, 2020, Reporting Person exchanged 60,000,000 shares of Common Stock, 2,654,000 shares of Series A Preferred Stock, forgiveness of indebtedness in the amount of $1,000,000 and $1,000,000 in cash for 200,000 shares of Series B Preferred Stock, convertible at any time by Reporting Person into 20,000,000 shares of Common Stock. The Series B Preferred Stock has no expiration date.
Shares reported do not reflect the 1 to 1.5 reverse stock split effective 06/08/2020.
Each share of Series A Preferred Stock was convertible at any time into 100 shares of Common Stock. The Series A Preferred Stock had no expiration date.
7,982 shares of Common Stock received as payment-in-kind interest payments on a senior secured promissory note.
Notes may be converted (1) on the Maturity Date based on the average of the VWAP of common stock during each trading day during the thirty (30) trading day period ending one trading day prior to the maturity date; (2) immediately upon a change of control based on the average of the VWAP of common stock during each trading day during the ten (10) trading day period ending one trading day prior to the change of control effective date; and (3) mandatorily at the closing of a qualified IPO at (i) the public offering price per share of the common stock multiplied by (ii) one (1) minus twenty percent (20%).
Warrants were issued in connection with a 4% convertible promissory note. The warrants are exercisable at any time at the option of the Reporting Person and expire on the earlier to occur of December 1, 2022 or immediately prior to closing of IPO or upon a change of control.