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Filing Details

Accession Number:: 0000905718-21-001628
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-12-20 16:30:45
Reporting Period:: 2021-12-15

Accepted Time:: 2021-12-20 16:30:45
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1009829	Jakks Pacific Inc	JAKK	Games, Toys & Children's Vehicles (No Dolls & Bicycles) (3944)	954527222

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1543160	Benefit Street Partners Llc	9 West 57Th Street, Suite 4920 New York NY 10019		No	No	Yes	No
1610124	Thomas Gahan	9 West 57Th Street, Suite 4920 New York NY 10019		No	No	Yes	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	2021-12-15	119,884	$10.53	1,476,523	No	4	P	Indirect	See Footnotes
Series A Senior Preferred Stock	Acquisiton	2021-12-15	40,965	$88.48	145,788	No	4	P	Indirect	See Footnotes

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

Footnotes

The reported securities are held by one or more private funds and accounts (the "BSP Funds"). Benefit Street Partners L.L.C. ("BSP") is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940, as amended. BSP, either directly or through one or more affiliated entities, serves as the investment adviser to each of the BSP Funds. Mr. Gahan controls BSP in his role as Chief Executive Officer of BSP's sole managing member. As a result, each of BSP and Mr. Gahan may be deemed to beneficially own the securities held by the BSP Funds. Each reporting person disclaims beneficial ownership of these securities, except to the extent of its or his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
The BSP Funds collectively own a majority of the issued and outstanding shares of the Series A Senior Preferred Stock (the "Preferred Stock") of JAKKS Pacific, Inc. (the "Issuer"). Pursuant to the certificate of designations, as amended, governing the Preferred Stock, holders of the Preferred Stock have the right to vote on certain matters, including election of two directors to the Issuer's board of directors, as a separate class from the Issuer's common stock (the "Common Stock"); however, the Preferred Stock is not convertible into Common Stock. Matthew Winkler, a managing director at BSP, and Lori MacPherson currently serve as BSP's designees to the Issuer's board of directors.