0001213900-22-050216.txt : 20220822
0001213900-22-050216.hdr.sgml : 20220822
20220822203044
ACCESSION NUMBER: 0001213900-22-050216
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220822
FILED AS OF DATE: 20220822
DATE AS OF CHANGE: 20220822
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: ELLIN ROBERT S
CENTRAL INDEX KEY: 0001071292
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38249
FILM NUMBER: 221184928
MAIL ADDRESS:
STREET 1: 4751 WILSHIRE BLVD
STREET 2: 3RD FLOOR
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: LiveOne, Inc.
CENTRAL INDEX KEY: 0001491419
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812]
IRS NUMBER: 980657263
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 9200 SUNSET BOULEVARD
STREET 2: SUITE #1201
CITY: WEST HOLLYWOOD
STATE: CA
ZIP: 90069
BUSINESS PHONE: (310) 601-2505
MAIL ADDRESS:
STREET 1: 9200 SUNSET BOULEVARD
STREET 2: SUITE #1201
CITY: WEST HOLLYWOOD
STATE: CA
ZIP: 90069
FORMER COMPANY:
FORMER CONFORMED NAME: LiveXLive Media, Inc.
DATE OF NAME CHANGE: 20170808
FORMER COMPANY:
FORMER CONFORMED NAME: LOTON, CORP
DATE OF NAME CHANGE: 20100507
4
1
ownership.xml
X0306
4
2022-08-22
0
0001491419
LiveOne, Inc.
LVO
0001071292
ELLIN ROBERT S
C/O LIVEONE, INC.
269 SOUTH BEVERLY DRIVE, SUITE 1450
BEVERLY HILLS
CA
90212
1
1
1
0
CEO & Chairman
Common Stock, $0.001 par value
2022-08-22
4
P
0
10000
0.9894
A
1974666
D
Common Stock, $0.001 par value
2022-08-22
4
P
0
10000
0.9893
A
1984666
D
Common Stock, $0.001 par value
17613714
I
See footnotes
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.9706 to $0.99, inclusive. The Reporting Person undertakes to provide to Issuer or the staff of the U.S. Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 1.
The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.9808 to $0.99, inclusive. The Reporting Person undertakes to provide to Issuer or the staff of the SEC, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote 2.
Includes (i) 7,339,899 shares of Issuer's common stock owned by Trinad Capital as of August 15, 2022, as the Reporting Person, the Managing Director and Portfolio Manager of Trinad Capital, is deemed to have sole voting and dispositive power over such shares, (ii) 716,216 shares of Issuer's common stock owned by Trinad Capital Management, LLC ("Trinad Management") as of August 15, 2022, as the Reporting Person, the Managing Member of Trinad Management, is deemed to have sole voting and dispositive power over such shares, (iii) 6,817,810 shares of Issuer's common stock owned by JJAT Corp. ("JJAT") as of August 15, 2022, an entity owned by the Reporting Person, as the Reporting Person is deemed to have sole voting and dispositive power over such shares, (continued to footnote 4)
(continued from footnote 3), (iv) approximately 1,984,462 shares of Issuer's common stock issuable as of August 15, 2022 upon conversion of Issuer's convertible notes held by Trinad Capital, which Trinad Capital has the right to convert at the conversion price of $3.00 per share as a result of Issuer's public offering completed on December 27, 2017, and (v) 666,667 stock options to purchase shares of Issuer's common stock at an exercise price of $4.00 per share. Accordingly, securities owned by these entities may be regarded as being beneficially owned by the Reporting Person.
Each of the Reporting Person and Trinad Management disclaim beneficial ownership of the reported securities except for the (i) Reporting Person's and Trinad Management's pecuniary interest therein, (ii) direct beneficial ownership of Trinad Management as reported herein, (iii) indirect interest of Trinad Management by virtue of being the Managing Director and Portfolio Manager of Trinad Capital, (iv) indirect interest of the Reporting Person by virtue of being a member of Trinad Management, (v) indirect interest of the Reporting Person by virtue of being a shareholder of JJAT, and (vi) indirect interest of the Reporting Person by virtue of being a member of Trinad Capital. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Does not include (i) shares of Issuer's common stock held by a family trust and family foundation as to which the Reporting Person does not exercise voting or dispositive power, and (ii) 88,660 restricted stock units that shall vest on September 7, 2022, subject to earlier vesting in the event of a change in control or the Reporting Person's departure from Issuer.
/s/ Robert S. Ellin
2022-08-22