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