Gitte Bendzulla - Dec 20, 2021 Form 4 Insider Report for Spark Networks SE (LOVLY)

Role
Managing Director, Chief Operating Officer and Chief Legal Officer
Signature
/s/ Gitte Bendzulla
Stock symbol
LOVLY
Transactions as of
Dec 20, 2021
Transactions value $
$0
Form type
4
Date filed
12/21/2021, 05:12 PM
Previous filing
Jun 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVLY American Depository Shares Options Exercise $0 +3.63K +68.13% $0.00 8.95K Dec 20, 2021 Direct F1
transaction LOVLY American Depository Shares Tax liability $0 -1.63K -18.24% $0.00 7.32K Dec 20, 2021 Direct F1

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
transaction LOVLY Stock Option Options Exercise $0 -3.63K -16.67% $0.00 18.1K Dec 20, 2021 ADS 3.63K $0.00 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each American Depository Share ("ADS") represents 0.1 Ordinary Shares of Spark Networks SE (the "Company").
F2 Each stock option is granted under the Company's 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 ADSs or Ordinary Shares of the Company instead of cash at its sole discretion.
F3 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.

Remarks:

Managing Director, Chief Operating Officer and Chief Legal Officer