0001493152-21-015135.txt : 20210623
0001493152-21-015135.hdr.sgml : 20210623
20210623200501
ACCESSION NUMBER: 0001493152-21-015135
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210621
FILED AS OF DATE: 20210623
DATE AS OF CHANGE: 20210623
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: WEIL A LORNE
CENTRAL INDEX KEY: 0000921873
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36689
FILM NUMBER: 211040179
MAIL ADDRESS:
STREET 1: C/O HYDRA INDUSTRIES ACQUISITION CORP
STREET 2: 250 WEST 57TH STREET, SUITE #2223
CITY: NEW YORK
STATE: NY
ZIP: 10107
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Inspired Entertainment, Inc.
CENTRAL INDEX KEY: 0001615063
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
IRS NUMBER: 471025534
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 250 WEST 57TH STREET, SUITE 415
CITY: NEW YORK,
STATE: NY
ZIP: 10107
BUSINESS PHONE: (646) 565-3861
MAIL ADDRESS:
STREET 1: 250 WEST 57TH STREET, SUITE 415
CITY: NEW YORK,
STATE: NY
ZIP: 10107
FORMER COMPANY:
FORMER CONFORMED NAME: Hydra Industries Acquisition Corp.
DATE OF NAME CHANGE: 20140728
4
1
ownership.xml
X0306
4
2021-06-21
0
0001615063
Inspired Entertainment, Inc.
INSE
0000921873
WEIL A LORNE
C/O INSPIRED ENTERTAINMENT, INC.
250 WEST 57TH STREET, SUITE 415
NEW YORK
NY
10107
1
1
1
0
Executive Chairman
Restricted Stock Units
2021-06-21
4
D
0
85000
0.00
D
Common Stock
85000
165000
D
Performance Restricted Stock Units
2021-06-21
5
D
0
E
62500
0.00
D
Common Stock
62500
187500
D
Stock Price Restricted Stock Units
2021-06-21
4
A
0
147500
0.00
A
Common Stock
147500
397500
D
Special sign-on equity awards were initially reported on a Form 4 on May 12, 2021 and this Form 4 reflects modifications to those awards as a result of an amendment dated June 21, 2021 to Mr. Weil's employment agreement with the Issuer dated October 9, 2020 (the "Modification"). In accordance with the Modification, a portion of the awards reflected in the prior Form 4 (85,000 restricted stock units and 62,500 performance restricted stock units) (an aggregate of 147,500 units) were converted to stock price restricted stock units as of June 21, 2021. The units were granted under the Issuer's 2021 Omnibus Incentive Plan ("2021 Plan") and are subject to deferred settlement such that units that satisfy applicable vesting conditions would not settle until termination of Mr. Weil's services or, if earlier, upon a change in control as specified in the 2021 Plan.
Each unit represents a contingent right to receive one share of common stock at settlement.
In accordance with the Modification, reflects the cancellation of 85,000 restricted stock units originally granted on May 11, 2021. The remaining units covered by the award are scheduled to vest in two installments: 80,000 units on December 31, 2023 and 85,000 units on December 31, 2024.
In accordance with the Modification, reflects the cancellation of 62,500 performance restricted stock units originally granted on May 11, 2021. The remaining units covered by the award are conditioned on attainment of pre-established performance criteria for the years 2022 through 2024.
In accordance with the Modification, reflects the issuance of 147,500 stock price restricted stock units subject to the following price targets -- 50,000 units at $15.00, 50,000 units at $17.50 and 47,500 units at $20.00. Such units are incremental to the 250,000 stock price restricted stock units originally granted on May 11, 2021 subject to the following price targets - 80,000 units at $6.25 (such target has been met), 85,000 units at $8.25 (such target has been met) and 85,000 units at $15.00.
/s/ Carys Damon, Attorney-in-Fact
2021-06-23