Home > Insider Trading > Filing (0001140361-15-014587)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
58592	4Licensing Corp	FOUR	Patent Owners & Lessors (6794)	132691380

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1492831	Wade Massad	C/O 4Licensing Corporation 767 Third Avenue, 17Th Floor New York NY 10017		Yes	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	2015-04-02	12,189	$0.26	49,389	No	4	X	Direct
Common Stock	Disposition	2015-04-02	12,189	$0.80	37,200	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Nonstatutory Stock Option (right to buy)	Disposition	2015-04-02	12,189	$0.00	12,189	$0.26
Common Stock	Common Stock Warrants (right to buy)	Acquisiton	2015-02-03	77,708	$0.00	77,708	$0.65
Common Stock	Common Stock Warrants (right to buy)	Acquisiton	2015-03-04	52,418	$0.00	52,418	$0.73

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
187,811		2023-02-27	No	4	X	Direct
77,708	2015-02-03	2024-03-25	No	4	P	Indirect
52,418	2015-03-04	2024-03-25	No	4	P	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	617,100	Indirect	See Footnote

Footnotes

Represents 617,100 shares held and or managed by Cleveland Capital Management L.L.C. ("Cleveland Capital"). The Reporting Person is a managing director in Cleveland Capital and may have a pecuniary interest in the shares. The Reporting Person disclaims beneficial ownership of any shares of common stock in which he does not have a pecuniary interest.
The option vested in three equal installments on February 27, 2013, 2014 and 2015.
Represents a warrant to purchase 77,708 shares of Issuer's common stock that was acquired in connection with a transaction by the Issuer that triggered anti-dilution rights previously granted to Cleveland Capital, L.P. No separate consideration was paid by Cleveland Capital, L.P. for the warrant.
The warrant is held by Cleveland Capital, L.P. The general partner of Cleveland Capital, L.P. is Cleveland Capital. The reporting person is a member of Cleveland Capital and may have a pecuniary interest in the warrant and the shares underlying the warrant. The Reporting Person disclaims beneficial ownership of the warrant and any shares underlying the warrant in which he does not have a pecuniary interest.
Represents a warrant to purchase 52,418 shares of Issuer's common stock that was acquired in connection with a transaction by the Issuer that triggered anti-dilution rights previously granted to Cleveland Capital, L.P. No separate consideration was paid by Cleveland Capital, L.P. for the warrant.