Yoon Um - May 10, 2021 Form 3 Insider Report for Spark Networks SE (LOVLY)

Role
Principal Financial Officer
Signature
/s/ Yoon Um
Stock symbol
LOVLY
Transactions as of
May 10, 2021
Transactions value $
$0
Form type
3
Date filed
5/20/2021, 06:18 PM

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LOVLY Stock Option May 10, 2021 ADS 30K $4.54 Direct F1, F2
holding LOVLY Stock Option May 10, 2021 ADS 8K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each stock option is granted under the Spark Networks SE (the "Company") 2020 Long Term Incentive Plan and represents the right to receive, upon exercise, a certain amount in cash determined based on the relevant strike price of the option minus the strike price of such option; provided, however, that the Company may elect to settle options in American Depository Shares ("ADS") or Ordinary Shares of the Company instead of cash at its sole discretion.
F2 Subject to the employee's continued service to the Company, (i) 25% of the total number of options granted to the employee vest 12 months after the grant date of such option, and (ii) an additional 6.25% of such options shall vest at the end of each additional three month period thereafter until the end of the 48th month after the relevant grant date.