0001654954-20-013738.txt : 20201218
0001654954-20-013738.hdr.sgml : 20201218
20201218155355
ACCESSION NUMBER: 0001654954-20-013738
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200731
FILED AS OF DATE: 20201218
DATE AS OF CHANGE: 20201218
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: SPENCER CHRISTOPHER J
CENTRAL INDEX KEY: 0001275526
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-55779
FILM NUMBER: 201400545
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Liberated Syndication Inc.
CENTRAL INDEX KEY: 0001667489
STANDARD INDUSTRIAL CLASSIFICATION: RADIO BROADCASTING STATIONS [4832]
IRS NUMBER: 475224851
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5001 BAUM BLVD., SUITE #770
CITY: PITTSBURGH
STATE: PA
ZIP: 15213
BUSINESS PHONE: 412-621-0902
MAIL ADDRESS:
STREET 1: 5001 BAUM BLVD., SUITE #770
CITY: PITTSBURGH
STATE: PA
ZIP: 15213
4
1
section16.xml
PRIMARY DOCUMENT
X0306
4
2020-07-31
0001667489
Liberated Syndication Inc.
LSYN
0001275526
SPENCER CHRISTOPHER J
60 SPANISH RIVER DRIVE
OCEAN RIDGE
FL
33435
true
true
Chief Executive Officer
Common Stock
2020-07-31
4
D
false
700000
0
D
2128795
D
Common Stock
2020-07-31
4
D
false
1353795
3
D
775000
D
Includes 550,000 shares that were forfeited pursuant to the forfeiture clauses of the Stock Agreement, dated as of December 15, 2017, between the Liberated Syndication Inc. (the "Company") and Mr. Spencer, and 150,000 shares that were forfeited pursuant to the Settlement Agreement, made and entered into on October 4, 2019, among the Company and Camac Fund, LP and its affiliates.
Mr. Spencer sold the shares pursuant to the terms of the Separation and Transition Services Agreement and General Release, made and entered into on July 31, 2020, by and between the Company and Mr. Spencer (the "Separation Agreement").
Includes 550,000 shares that are subject to a put option pursuant to the Separation Agreement. Such put option grants Mr. Spencer the right, for a period of one year beginning on the earlier of (a) December 30, 2020 and (b) any date on which the Company declares a rights offering, to put such shares to the Company at a purchase price of $2.50 per share.
This Form supplements the descriptions of securities beneficially owned by Mr. Spencer.
/s/ Christopher J. Spencer
2020-12-18