0001437749-19-017960.txt : 20190906
0001437749-19-017960.hdr.sgml : 20190906
20190906081304
ACCESSION NUMBER: 0001437749-19-017960
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190905
FILED AS OF DATE: 20190906
DATE AS OF CHANGE: 20190906
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Conlin Matthew
CENTRAL INDEX KEY: 0001660879
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-37893
FILM NUMBER: 191078497
MAIL ADDRESS:
STREET 1: C/O IDI, INC.
STREET 2: 2650 NORTH MILITARY TRAIL, SUITE 300
CITY: BOCA RATON
STATE: FL
ZIP: 33431
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Fluent, Inc.
CENTRAL INDEX KEY: 0001460329
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-ADVERTISING [7310]
IRS NUMBER: 770688094
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 300 VESEY STREET
STREET 2: 9TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10282
BUSINESS PHONE: 6466697272
MAIL ADDRESS:
STREET 1: 300 VESEY STREET
STREET 2: 9TH FLOOR
CITY: NEW YORK
STATE: NY
ZIP: 10282
FORMER COMPANY:
FORMER CONFORMED NAME: Cogint, Inc.
DATE OF NAME CHANGE: 20160923
FORMER COMPANY:
FORMER CONFORMED NAME: IDI, Inc.
DATE OF NAME CHANGE: 20150520
FORMER COMPANY:
FORMER CONFORMED NAME: Tiger Media, Inc.
DATE OF NAME CHANGE: 20121231
4
1
rdgdoc.xml
FORM 4
X0306
4
2019-09-05
0001460329
Fluent, Inc.
FLNT
0001660879
Conlin Matthew
C/O FLUENT, INC.
300 VESEY STREET, 9TH FLOOR
NEW YORK
NY
10282
1
1
1
President
Common Stock
2019-09-05
4
P
0
25000
2.8536
A
45000
I
Held by Conlin Family Foundation Trust, in which the Reporting Person serves as co-trustee.
Common Stock
5325229
D
Common Stock
320000
D
Common Stock
80000
D
Common Stock
50000
D
Common Stock
550000
D
Common Stock
2000000
I
Held by RSMC Partners, LLC, of which the Reporting Person is a member.
Common Stock
663900
I
Held by GRAT, in which the Reporting Person is Sole Trustee.
Represents the average purchase of the acquired shares. The highest price at which a purchase was made is $2.8815; the lowest price at which a purchase was made is $2.7469. The Reporting Person undertakes to provide the Issuer, any security holder or the staff of the Securities & Exchange Commission upon request full information regarding the number of shares purchased at each separate price with the ranges set forth in this footnote.
On March 27, 2018, the Reporting Person received a grant of 320,000 deferred stock units convertible into common stock of the Issuer on a one-for-one basis under the Issuer's Stock Incentive Plan, which vest immediately but with delivery of the underlying shares in two annual installments commencing on March 27, 2020, which delivery may be ended if the Reporting Person is terminated for cause.
The Reporting Person has elected to defer delivery of the vested restricted stock units ("RSUs") until the Reporting Person's separation of service from the Company or a Change of Control.
On March 20, 2018, the Reporting Person received a grant of 80,000 RSUs, convertible into common stock of the Issuer on a one-for-one basis under the Issuer's 2015 Stock Incentive Plan. The RSUs vest in three equal annual installments, beginning on March 1, 2019.
On April 13, 2017, the Reporting Person received a grant of 50,000 RSUs, convertible into common stock of the issuer on a one-for-one basis. The RSUs vest in three approximately equal installments on February 1, 2018, 2019 and 2020, subject to accelerated vesting under certain conditions.
On December 8, 2015, the Reporting Person received a grant, subject to stockholder approval, of 550,000 RSUs, convertible into common stock of the Issuer on a one-for-one basis. Stockholder approval was obtained on June 1, 2016. The RSUs are subject to vesting over a three-year period of 30% on January 1, 2017, 30% on January 1, 2018 and 40% on January 1, 2019 (the "Time Conditions"); provided, however, that no tranche of RSUs will vest until it is determined that the Issuer has exceeded certain revenue targets and achieved positive EBITDA in any one fiscal year during the vesting period (the "Performance Conditions"). The Issuer determined the Performance Conditions were met effective March 14, 2017. Any subsequent tranches will vest in accordance with the Time Conditions.
The RSUs will immediately vest upon (i) a Change of Control, or (ii) the Reporting Person's death or disability.
/s/ Matthew Conlin
2019-09-06