0001209191-23-034750.txt : 20230606 0001209191-23-034750.hdr.sgml : 20230606 20230606161446 ACCESSION NUMBER: 0001209191-23-034750 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230602 FILED AS OF DATE: 20230606 DATE AS OF CHANGE: 20230606 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Taylor Ryan P. CENTRAL INDEX KEY: 0001501578 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-39795 FILM NUMBER: 23996246 MAIL ADDRESS: STREET 1: 375 HUDSON STREET STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10014 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Reservoir Media, Inc. CENTRAL INDEX KEY: 0001824403 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-AMUSEMENT & RECREATION SERVICES [7900] IRS NUMBER: 000000000 FISCAL YEAR END: 0331 BUSINESS ADDRESS: STREET 1: 200 VARICK STREET, SUITE 801A CITY: NEW YORK STATE: NY ZIP: 10014 BUSINESS PHONE: 212-675-0541 MAIL ADDRESS: STREET 1: 200 VARICK STREET, SUITE 801A CITY: NEW YORK STATE: NY ZIP: 10014 FORMER COMPANY: FORMER CONFORMED NAME: Roth CH Acquisition II Co DATE OF NAME CHANGE: 20200911 4 1 doc4.xml FORM 4 SUBMISSION X0407 4 2023-06-02 0 0001824403 Reservoir Media, Inc. RSVR 0001501578 Taylor Ryan P. C/O RESERVOIR MEDIA, INC. 200 VARICK STREET, SUITE 801A NEW YORK NY 10014 1 0 0 0 0 Common stock, $0.0001 par value 2023-06-02 4 A 0 764 6.54 A 16449 D Common stock, $0.0001 par value 179389 I By Richmond Hill Capital Partners, LP Common stock, $0.0001 par value 418576 I By Essex Equity Joint Investment Vehicle, LLC Common stock, $0.0001 par value 13604733 I By ER Reservoir, LLC Represents Deferred Stock Units ("DSUs") awarded under the Reservoir Media, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Each DSU is the economic equivalent of one share of common stock, $0.0001 par value per share (the "Common Stock"), of Reservoir Media, Inc. (the "Issuer"). The Reporting Person acquired these DSUs in connection with the Reporting Person's quarterly compensation for service as a non-employee director of the Issuer. The Reporting Person elected to receive payment of his quarterly compensation in DSUs in lieu of cash. This issuance of DSUs will be settled in shares of Common Stock on July 29, 2024 (the "Settlement Date"). The number of DSUs received was calculated based on $6.54, which was the closing price of the Issuer's Common Stock on the date of grant. Represents Restricted Stock Units ("RSUs") awarded under the Plan and DSUs awarded in connection with the Reporting Person's compensation for service as a non-employee director of the Issuer. Due to his position as the manager of the general partner of a manager of ER Reservoir LLC, Reporting Person has directed the Issuer to transfer shares issued upon settlement of the RSUs and DSUs into the account of ER Reservoir LLC on the applicable Settlement Date. The Reporting Person disclaims beneficial ownership of the underlying shares except to the extent of his pecuniary interest therein. The amount of securities shown in this row is owned directly by Richmond Hill Capital Partners, LP ("RHCP"). The Reporting Person is the managing member of the general partner of RHCP and the manager of the general partner of Richmond Hill Investment Co., LP, the investment adviser to RHCP, and may be deemed to be a beneficial owner of the shares owned by RHCP. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose. The amount of securities shown in this row is owned directly by Essex Equity Joint Investment Vehicle, LLC ("EEJIV"). The Reporting Person owns an equity interest in an entity that may be deemed to have a pecuniary interest in the shares owned by EEJIV and therefore may be deemed to be a beneficial owner of the shares owned by EEJIV. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose. The amount of securities shown in this row is owned directly by ER Reservoir LLC (the "Fund"). The Reporting Person is the manager of the general partner of a manager of the Fund and may be deemed to be a beneficial owner of the shares owned by the Fund. The Fund received these securities in connection with the agreement and plan of merger, dated as of April 14, 2021, by and among Reservoir Media, Inc. (formerly known as Roth CH Acquisition II Co. ("RMI")), Roth CH II Merger Sub Corp. ("Merger Sub") and Reservoir Holdings, Inc. ("Reservoir"), pursuant to which Merger Sub merged with and into Reservoir, with Reservoir surviving the merger as a wholly-owned subsidiary of RMI (the "Business Combination"). The Fund received these shares as consideration for the Business Combination. (Cont'd in FN 7) (Cont'd from FN 6) The amount of securities shown this row also reflects a transfer of 11,940 shares of Common Stock received upon the settlement of RSUs that the Reporting Person directed to be transferred to the account of ER Reservoir LLC due to his position as the manager of the general partner of a manager of the Fund. The Reporting Person disclaims any beneficial ownership of any of the Issuer's securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, except to the extent of his pecuniary interest therein, and the inclusion of the shares in this report shall not be deemed an admission of beneficial ownership of the reported shares for purposes of Section 16 of the Exchange Act, or for any other purpose. /s/ Golnar Khosrowshahi, as attorney-in-fact for Ryan P. Taylor 2023-06-06