Filing Details
- Accession Number:
- 0001354488-16-008283
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-09-19 21:52:23
- Reporting Period:
- 2016-03-04
- Filing Date:
- 2016-09-19
- Accepted Time:
- 2016-09-19 21:52:23
- 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 | 2016-03-04 | 614,682 | $0.00 | 614,682 | No | 4 | J | Indirect | By Dolphin Entertainment, Inc. |
Common Stock | Acquisiton | 2016-09-15 | 100 | $6.75 | 950,169 | No | 4 | P | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | J | Indirect | By Dolphin Entertainment, Inc. |
No | 4 | P | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Series B Convertible Preferred Stock | Acquisiton | 2016-03-07 | 115,000 | $0.00 | 115,000 | $0.00 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
2,185,000 | No | 4 | J | Indirect |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 1,242,104 | Indirect | By Dolphin Digital Media Holdings, LLC |
Footnotes
- The Issuer completed a 20-to-1 reverse stock split effective May 10, 2016. The amount stated represents the post-split adjusted amount. Fractional shares resulting from the reverse stock split were rounded up to the nearest whole share.
- On March 4, 2016, the Issuer entered into a debt-for-equity exchange with Dolphin Entertainment, Inc., an entity wholly owned by the Reporting Person. Pursuant to the exchange, $3,073,410 in aggregate amount of principal and interest was exchanged at $5.00 per share, for 614,682 shares of Common Stock.
- 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?). As part of the Merger consideration, the Issuer issued 115,000 shares of Series B Convertible Preferred Stock to Dolphin Entertainment, Inc.
- Each share of Series B Convertible Preferred Stock is convertible into nineteen (19) shares of Common Stock at any time and has no expiration date
- The shares of Series B Convertible Preferred Stock were received in exchange for shares of Dolphin Films, Inc. in connection with the Merger.