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Filing Details

Accession Number:: 0001493152-20-009440
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-05-19 21:12:26
Reporting Period:: 2020-05-11

Accepted Time:: 2020-05-19 21:12:26
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1484769	Facebank Group Inc.	FBNK	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1200675	Jr Edgar Bronfman	C/O Facebank Group, Inc. 1115 Broadway, 12Th Floor New York NY 10010		Yes	No	No	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	Acquisiton	2020-05-11	285,714	$7.00	285,714	No	4	P	Indirect	Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	Footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrant (right to buy)	Acquisiton	2020-05-11	285,714	$0.00	285,714	$7.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
285,714			No	4	P	Indirect

Footnotes

Pursuant to the Purchase Agreement (the "Purchase Agreement") by and between the Issuer and Waverley Capital, LP ("Waverley Capital"), dated May 11, 2020, Waverly Capital purchased 285,714 of the Issuer's common stock at a purchase price of $7.00 per share (the "Purchase Price"). In connection with the Purchase Agreement, the Issuer issued a warrant, with an exercise price equal to the Purchase Price, to Waverly Capital to purchase, in the aggregate, 285,714 shares of the Issuer's common stock (the "Warrant). The Warrant may be exercised in whole or in part, at any time, and from time to time, until the earlier of (x) 5:00 p.m. Eastern Time on the eighteen-month anniversary of the date of issuance and (y) the closing of a Change in Control (as defined in the Warrant).
Mr. Bronfman does not own these shares in his individual capacity. These shares are owned directly by Waverley Capital. The general partner of Waverley Capital is Waverley Capital Partners, LLC. Mr. Bronfman and Dr. Daniel V. Leff, as managing members of Waverley Capital Partners, LLC, may be deemed to have shared voting and investment power with respect to these securities. Each of Mr. Bronfman, Dr. Leff and Waverley Capital Partners, LLC disclaims beneficial ownership of these securities except to the extent of its pecuniary interest therein and the inclusion of these securities in this report shall not be deemed an admission by any of them of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.