Statement of Changes in Beneficial Ownership (4)
December 29 2020 - 05:43PM
Edgar (US Regulatory)
FORM 4
[X] 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
|
OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response... 0.5 |
|
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
|
|
1. Name
and Address of Reporting Person * Sornsin William
Carrier Jr |
2. Issuer Name and Ticker or Trading
Symbol theMaven, Inc. [ MVEN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
_____ Officer (give title
below) __X__
Other (specify below)
Former COO |
(Last)
(First)
(Middle)
225 LIBERTY STREET, 27TH FLOOR |
3. Date of Earliest Transaction (MM/DD/YYYY)
4/10/2019
|
(Street)
NEW YORK, NY 10281
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
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 |
Options to purchase |
$0.46 |
4/10/2019 |
|
A |
V |
314366 (1) |
|
(2) |
4/10/2029 |
Common Stock |
314366 |
$0.00 |
314366 |
D |
|
Explanation of
Responses: |
(1) |
Vesting is a combined
overlay of Time-based, Stock-Price-based, and Stock-Listing-based
conditions. Time-based vesting is 1/3 vest after 1 year, with the
balance monthly over next 2 years. Stock-Price vesting is a
potential downward adjustment to the otherwise Time-based vested
shares, where such adjustment is based on the rolling 45-day Volume
Weighted Average Price set against specific price targets. Stock
Listing vesting means that no otherwise Time-based and Stock
Price-based vested shares are actually deemed as vested unless the
Issuer's common stock is listed on a national securities exchange
registered with the Securities and Exchange Commission under
Section 6 of the Securities Exchange Act of 1934. |
(2) |
The ability to exercise is
subject to both: i) vesting conditions (2) and ii) the Issuer's
Board of Directors approving a requisite increase in authorized
shares of common stock, after the date the grant was issued, that
would apply to this grant. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Sornsin William Carrier Jr
225 LIBERTY STREET, 27TH FLOOR
NEW YORK, NY 10281 |
|
|
|
Former COO |
Signatures
|
/s/ William Sornsin |
|
12/29/2020 |
**Signature of
Reporting Person |
Date |