Filing Details

Accession Number:
0001110894-12-000001
Form Type:
4
Zero Holdings:
No
Publication Time:
2012-05-21 11:58:36
Reporting Period:
2012-05-17
Filing Date:
2012-05-21
Accepted Time:
2012-05-21 10:58:36
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1490930 Digital Domain Media Group Inc. DDMG Services-Motion Picture & Video Tape Production (7812) 270449505
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1110894 C John Textor 10250 Sw Village Parkway
Port St. Lucie FL 34987
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 2012-05-17 40,000 $7.04 9,685,838 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 373,832 Indirect See footnote
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Option $0.00 0 1,080,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
0 1,080,000 Direct
Footnotes
  1. $7.04 is the average price per share for a range of purchases at different prices. Reporting person undertakes to provide upon request by 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 respective different price.
  2. 373,832 shares of common stock are held by Wyndcrest DD Investment Holdings, LLC. The managing member of Wyndcrest DD Investment Holdings, LLC is Wyndcrest Holdings, LLC, and the managing member of Wyndcrest Holdings, LLC is Textor Ventures, Inc. Mr. Textor, as the president and sole director of Textor Ventures, Inc., holds voting power and investment power over the shares of common stock beneficially owned by Wyndcrest DD Investment Holdings, LLC and disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein.
  3. On July 13, 2011, Mr. Textor was granted stock options to purchase 1,080,000 shares of common stock at an exercise price of $9.63 per share, which options have a term of 10 years and vest over three years in equal quarterly installments, commencing on the grant date.