Accession Number: | 0001354488-16-008309 |
Date: | 2016-09-20 |
Issuer: | DOLPHIN DIGITAL MEDIA INC (DPDM) |
Original Submission Date: |
O'DOWD WILLIAM IV
C/O DOLPHIN DIGITAL MEDIA, INC.
2151 LE JEUNE ROAD, SUITE 150-MEZZANINE
CORAL GABLES, FL 33134
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2016-09-20 | P | 483 | a | $6.68 | 950,652 | direct | ||
COMMON STOCK | 2016-09-20 | 0 | $0.00 | 614,682 | indirect | ||||
COMMON STOCK | 2016-09-20 | 0 | $0.00 | 1,242,104 | indirect |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
SERIES B CONVERTIBLE PREFERRED STOCK | 0.0 | deemed execution date | 0 ( ) | common stock 2,185,000 | $0.00 | 2,300,000 | indirect | by dolphin entertainment, inc. |
ID | footnote |
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f1 | represents the weighted average price of the shares purchased. the prices of the shares purchased pursuant to the transactions ranged from $6.50 to $6.75 per share. the reporting person, upon request, will provide the securities and exchange commission staff, the issuer or a security holder of the issuer full information regarding the number of shares purchased at each separate price. |
f2 | 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?). pursuant to the merger agreement, as part of the merger consideration, the issuer issued 2,300,000 shares of series b convertible preferred stock to dolphin entertainment, inc., an entity wholly owned by the reporting person. |
f3 | each share of series b convertible preferred stock is convertible into 0.95 shares of common stock at any time and has no expiration date. |