Frederic Beckley - Apr 30, 2022 Form 4 Insider Report for Spark Networks SE (LOVLY)

Role
General Counsel and CAO
Signature
/s/ Frederic Beckley
Stock symbol
LOVLY
Transactions as of
Apr 30, 2022
Transactions value $
$0
Form type
4
Date filed
5/2/2022, 03:57 PM
Previous filing
Apr 5, 2022

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 Award $0 +90K $0.00 90K Apr 30, 2022 American Depository Shares 90K $0.00 Direct F1, F2, F3
transaction LOVLY Stock Option Award $0 +190K $0.00 190K Apr 30, 2022 American Depository Shares 190K $2.93 Direct F1, F2, F3
* 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.
F3 Each American Depository Share ("ADS") represents 0.1 Ordinary Shares of Spark Networks SE (the "Company").