Filing Details

Accession Number:
0001213900-20-022542
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-08-17 17:01:45
Reporting Period:
2020-08-13
Accepted Time:
2020-08-17 17:01:45
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
748592 Ntn Buzztime Inc NTN Television Broadcasting Stations (4833) 311103425
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1071292 S Robert Ellin C/O Trinad Capital Management, Llc
269 South Beverly Drive, Suite #1450
Beverly Hills CA 90212
No No 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, $0.005 Par Value Disposition 2020-08-13 156,750 $5.79 421 No 4 S Direct
Common Stock, $0.005 Par Value Disposition 2020-08-13 170,900 $5.33 16,194 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 S Indirect See footnotes
Footnotes
  1. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.30 to $7.70, inclusive. The Reporting Person undertakes to provide to LiveXLive Media, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 1.
  2. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.96 to $7.38, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote 2.
  3. Represents shares sold by Trinad Capital Master Fund, Ltd. ("Trinad Capital").
  4. Represents shares of the NTN Buzztime, Inc.'s common stock owned by Trinad Capital, as the Reporting Person, the Portfolio Manager of Trinad Capital, is deemed to have sole voting and dispositive power over such shares.
  5. Each of the Reporting Person, Trinad Capital and Trinad Capital Management, LLC ("Trinad Management") disclaim beneficial ownership of the reported securities except for the (i) personal and direct beneficial ownership of the Reporting Person as reported herein, (ii) direct beneficial ownership of Trinad Capital as reported herein, (iii) indirect interest of Trinad Management by virtue of being the Managing Director of Trinad Capital, (iv) indirect interest of the Reporting Person by virtue of being the Managing Member of Trinad Management, (v) indirect interest of the Reporting Person by virtue of being a shareholder and Portfolio Manager of Trinad Capital, and (vi) Reporting Person's and/or Trinad Management's pecuniary interest in the securities reported herein as directly beneficially owned by Trinad Capital.
  6. This report shall not be deemed an admission that the Reporting Person and/or Trinad Management is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.