Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-20-003719
Date:2020-01-14
Issuer: ACCEL ENTERTAINMENT, INC. (ACEL)
Original Submission Date:

Reporting Person:

RUTTENBERG DAVID W.
C/O ACCEL ENTERTAINMENT, INC.
140 TOWER DRIVE BURR RIDGE, IL 60527

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
CLASS A-1 COMMON STOCK 2020-01-14 C 13,162 a $0.00 537,412 indirect f2
CLASS A-1 COMMON STOCK 2020-01-14 C 4,694 a $0.00 643,677 indirect f3
CLASS A-1 COMMON STOCK 2020-01-14 C 4,693 a $0.00 643,659 indirect f4
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
CLASS A-2 COMMON STOCK 0.0 2020-01-14 deemed execution date C 13,162 (d) class a-1 common stock 13,162 $0.00 26,325 indirect see footnote
CLASS A-2 COMMON STOCK 0.0 2020-01-14 deemed execution date C 4,694 (d) class a-1 common stock 4,694 $0.00 9,388 indirect see footnote
CLASS A-2 COMMON STOCK 0.0 2020-01-14 deemed execution date C 4,693 (d) class a-1 common stock 4,693 $0.00 9,388 indirect see footnote
Footnotes
IDfootnote
f1 represents the automatic conversion of a portion of the shares of the issuer's class a-2 common stock into shares of the issuer's class a-1 common stock. the issuer's class a-2 common stock will automatically convert into an equal number of the issuer's class a-1 common stock in three separate tranches, with no action required of the holder thereof, upon the satisfaction of certain predetermined stock price or earnings thresholds as set forth in the restricted stock agreement dated as of november 20, 2019, by and among the issuer, the reporting person and the other persons party thereto. the first stock price threshold was achieved on january 14, 2020. the class a-2 common stock has no expiration date.
f2 securities are held by the david w. ruttenberg revocable trust, of which the reporting person is the sole trustee. the reporting person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of section 16 or for any other purposes.
f3 securities are held by the crilly court trust, of which the reporting person is a beneficiary. the reporting person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of section 16 or for any other purposes.
f4 securities are held by grant place fund llc, of which the reporting person is the manager. the reporting person disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of section 16 or for any other purposes.
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