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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Senior Secured Convertible Note (1) | $ 1.375 (2) | 03/13/2020 | P | $ 1,250,000 | (3) | (4) | Common Stock | 909,090 | $ 1,250,000 | 1,250,000 | D | ||||
Warrant to Purchase Common Stock | $ 0.26 (5) | 03/13/2020 | P | 5,952,381 | 03/13/2020 | 03/13/2025 | Common Stock | 5,952,381 | (6) | 5,952,381 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Heyward Andy C/O GENIUS BRANDS INTERNATIONAL, INC. 190 N. CANON DRIVE, FLOOR 4 BEVERLY HILLS, CA 90210 |
X | X | Chief Executive Officer |
/s/ Andy Heyward | 03/17/2020 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Pursuant to a securities purchase agreement, dated March 11, 2020 (the "Securities Purchase Agreement"), the Reporting Person purchased $1,250,000 aggregate principal amount of Senior Secured Convertible Note (the "Note") from Genius Brands International, Inc. (the "Issuer") in an exempt transaction at a 20% original issue discount. The Note will be initially convertible into shares of common stock, par value $0.001 per share ("Common Stock"), of the Issuer at a conversion price of $1.375 per share. |
(2) | Subject to receipt of approval of the stockholders of the Issuer, the conversion price of the Note will be reduced to $0.21. |
(3) | The Senior Secured Convertible Note is convertible, at the option of the Reporting Person, into shares of Common Stock at any time and from time to time. |
(4) | Unless earlier converted or redeemed, the Senior Secured Convertible Note matures on September 30, 2021. |
(5) | Subject to receipt of approval of the stockholders of the Issuer, the exercise price of the warrant will be reduced to $0.21. |
(6) | The warrant was issued as partial consideration (along with the Note) for the Reporting Person's investment in the Issuer. |