Derek Harmer - Dec 9, 2022 Form 4 Insider Report for Accel Entertainment, Inc. (ACEL)

Role
Secretary
Signature
/s/ Derek Harmer
Stock symbol
ACEL
Transactions as of
Dec 9, 2022
Transactions value $
-$486,853
Form type
4
Date filed
12/13/2022, 06:26 PM
Previous filing
Oct 17, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ACEL Class A-1 Common Stock Sale -$329K -40K -19.12% $8.24 169K Dec 9, 2022 Direct F1
transaction ACEL Class A-1 Common Stock Options Exercise $56K +13.8K +8.13% $4.07 183K Dec 12, 2022 Direct
transaction ACEL Class A-1 Common Stock Options Exercise $72.1K +13.8K +7.52% $5.24 197K Dec 12, 2022 Direct
transaction ACEL Class A-1 Common Stock Tax liability -$157K -19K -9.64% $8.30 178K Dec 12, 2022 Direct

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 ACEL Employee Stock Option (Right to Buy) Options Exercise -$56K -13.8K -50% $4.07 13.8K Dec 12, 2022 Class A-1 Common Stock 13.8K $4.07 Direct F2
transaction ACEL Employee Stock Option (Right to Buy) Options Exercise -$72.1K -13.8K -40% $5.24 20.6K Dec 12, 2022 Class A-1 Common Stock 13.8K $5.24 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.145 to $8.29, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.
F2 Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/3 of the converted stock options will vest on December 12, 2020, and the remainder will vest as to 1/3 of the total award annually thereafter, subject to the Reporting Person's continued service to the issuer on each vesting date.
F3 Represents unvested options that were converted into stock options exercisable for Class A-1 shares in connection with the transaction with TPG Pace Holdings Corp., which will vest in accordance with the vesting schedule as in effect prior to the transaction, such that 1/4 of the converted stock options will vest on December 11, 2020, and the remainder will vest as to 1/4 of the total award annually thereafter, subject to the Reporting Person's continued service to the issuer on each vesting date.