Statement of Changes in Beneficial Ownership (4)
December 16 2020 - 4:08PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Gandler David |
2. Issuer Name and Ticker or Trading Symbol
fuboTV Inc. /FL
[
FUBO
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Executive Officer |
(Last)
(First)
(Middle)
C/O FUBOTV INC., 1330 AVENUE OF THE AMERICAS, 7TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/8/2020 |
(Street)
NEW YORK, NY 10019
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (right to buy) | $10.00 | 10/8/2020 (1) | | A | | 4100000 | | (2) | 10/7/2030 | Common Stock | 4100000 | $0 | 4100000 | D | |
Explanation of Responses: |
(1) | The option was granted on October 8, 2020, but was subject to forfeiture if the stockholders of fuboTV Inc. (the "Company") did not approve the increase in the Company's 2020 Equity Incentive Plan (the "Plan) at its Annual Meeting of Stockholders on December 14, 2020 (the "Annual Meeting"). As such, the transaction was not reportable on Form 4 until after the Annual Meeting. |
(2) | The option grant vesting will be reviewed following the end of each year from 2021 through 2025. Applicable performance targets for stock price, revenue, gross margin, subscribers, new markets launched and new revenue streams have been set. Each year the Company's board of directors will review performance against targets in a wholistic manner to determine in its discretion if any vesting is warranted. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Gandler David C/O FUBOTV INC. 1330 AVENUE OF THE AMERICAS, 7TH FLOOR NEW YORK, NY 10019 | X |
| Chief Executive Officer |
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Signatures
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/s/ David Gandler | | 12/16/2020 |
**Signature of Reporting Person | Date |
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