Sec Form 4/A Filing - Cassidy Bruce A. Sr. @ Loop Media, Inc. - 2023-12-14

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 4/A
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Cassidy Bruce A. Sr.
2. Issuer Name and Ticker or Trading Symbol
Loop Media, Inc. [ LPTV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O LOOP MEDIA, INC., 2600 OLIVE AVENUE WEST, SUITE 5470
3. Date of Earliest Transaction (MM/DD/YY)
12/14/2023
(Street)
BURBANK, CA91505
4. If Amendment, Date Original Filed (MM/DD/YY)
12/18/2023
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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
Common Stock 12/14/2023 A( 1 ) 2,910,771 A $ 0.8 12,730,632 I By Excel Family Partners, LLLP ( 2 )
Common Stock 12/14/2023 M( 3 ) 24,242 A $ 0.8 12,754,874 I By Excel Family Partners, LLLP ( 2 )
Common Stock 12/14/2023 M( 3 ) 12,121 A $ 0.8 12,766,995 I By Excel Family Partners, LLLP ( 2 )
Common Stock 12/14/2023 M( 3 ) 12,121 A $ 0.8 12,779,116 I By Excel Family Partners, LLLP ( 2 )
Common Stock 12/14/2023 M( 3 ) 106,666 A $ 0.8 12,885,782 I By Excel Family Partners, LLLP ( 2 )
Common Stock 12/14/2023 M( 3 ) 283,045 A $ 0.8 13,168,827 I By Excel Family Partners, LLLP ( 2 )
Common Stock 12/14/2023 M( 3 ) 209,398 A $ 0.8 13,378,225 I By Excel Family Partners, LLLP ( 2 )
Common Stock 12/14/2023 M( 3 ) 138,889 A $ 0.8 2,738,889 I By Eagle Investment Group, LLC ( 2 )
Common Stock 53,001 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Warrant (right to buy) $ 0.8 12/14/2023 A( 4 ) 3,125,000 12/14/2023 12/14/2026 Common Stock 3,125,000 $ 0 3,125,000 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 8.25 12/14/2023 D( 5 ) 24,242 04/01/2021 12/01/2024 Common Stock 24,242 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 A( 5 ) 24,242 04/01/2021 12/01/2024 Common Stock 24,242 $ 0 24,242 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 M( 3 ) 24,242 04/01/2021 12/01/2024 Common Stock 24,242 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 8.25 12/14/2023 D( 5 ) 12,121 05/01/2021 12/01/2024 Common Stock 12,121 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 A( 5 ) 12,121 05/01/2021 12/01/2024 Common Stock 12,121 $ 0 12,121 I By Excel Family Partners LLLP ( 2 )
Warran t (right to buy) $ 0.8 12/14/2023 M( 3 ) 12,121 05/01/2021 12/01/2024 Common Stock 12,121 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 8.25 12/14/2023 D( 5 ) 12,121 06/01/2021 12/01/2024 Common Stock 12,121 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 A( 5 ) 12,121 06/01/2021 12/01/2024 Common Stock 12,121 $ 0 12,121 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 M( 3 ) 12,121 06/01/2021 12/01/2024 Common Stock 12,121 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 8.25 12/14/2023 D( 5 ) 106,666 09/30/2021 09/30/2024 Common Stock 106,666 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 A( 5 ) 106,666 09/30/2021 09/30/2024 Common Stock 106,666 $ 0 106,666 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 M( 3 ) 106,666 09/30/2021 09/30/2024 Common Stock 106,666 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 5.25 12/14/2023 D( 6 ) 283,045 04/25/2022 04/25/2025 Common Stock 283,045 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 A( 6 ) 283,045 04/25/2022 04/25/2025 Common Stock 283,045 $ 0 283,045 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 M( 3 ) 283,045 04/25/2022 04/25/2025 Common Stock 283,045 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 4.33 12/14/2023 D( 7 ) 209,398 09/12/2023 05/10/2026 Common Stock 209,398 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 A( 7 ) 209,398 09/12/2023 05/10/2026 Common Stock 209,398 $ 0 209,398 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 0.8 12/14/2023 M( 3 ) 209,398 09/12/2023 05/10/2026 Common Stock 209,398 $ 0 0 I By Excel Family Partners LLLP ( 2 )
Warrant (right to buy) $ 2.25 12/14/2023 D( 8 ) 138,889 09/03/2020 03/11/2030 Common Stock 138,889 $ 0 0 I By Eagle Investment Group, LLC ( 2 )
Warrant (right to buy) $ 2.25 12/14/2023 A( 8 ) 138,889 09/03/2020 03/11/2030 Common Stock 138,889 $ 0 138,889 I By Eagle Investment Group, LLC ( 2 )
Warrant (right to buy) $ 2.25 12/14/2023 M( 3 ) 138,889 09/03/2020 03/11/2030 Common Stock 138,889 $ 0 0 I By Eagle Investment Group, LLC ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Cassidy Bruce A. Sr.
C/O LOOP MEDIA, INC.
2600 OLIVE AVENUE WEST, SUITE 5470
BURBANK, CA91505
X X
Excel Family Partners LLLP
C/O LOOP MEDIA, INC.
2600 WEST OLIVE AVENUE, SUITE 5470
BURBANK, CA91505
X
Signatures
/s/ Joanne Lytle, Attorney-in Fact for Bruce A. Cassidy, Sr. 12/22/2023
Signature of Reporting Person Date
/s/ Joanne Lytle, Attorney-in Fact for Excel Family Partners LLLP 12/22/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The shares of Common Stock were acquired in connection with a Note Conversion Agreement with the Issuer, pursuant to which the principal and interest outstanding in the amount of $2,328,617 on a line of credit extended by Excel Family Partners, LLLP, an entity managed by the Reporting Person, was converted into shares of Common Stock of the Issuer at a per share price of $0.80.
( 2 )Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
( 3 )The shares of Common Stock were acquired upon the exercise of a warrant at a per share exercise price of $0.80.
( 4 )The warrant was acquired in connection with a note issued by the Issuer in favor of Excel Family Partners, LLLP, an entity managed by the Reporting Person, as coverage for one hundred percent (100%) of the principal thereunder. The aggregate principal of the note is $2,500,000.
( 5 )The warrant was repriced pursuant to a Warrant Reprice Letter Agreement effective December 14, 2023, between Excel Family Partners, LLLP, Eagle Investment Group, LLC, and the Issuer, to decrease the per share exercise price of the warrant from $8.25 to $0.80. Each of Excel Family Partners, LLLP and Eagle Investment Group, LLC is an entity managed by the Reporting Person.
( 6 )The warrant was repriced pursuant to a Warrant Reprice Letter Agreement effective December 14, 2023, between Excel Family Partners, LLLP, Eagle Investment Group, LLC, and the Issuer, to decrease the per share exercise price of the warrant from $5.25 to $0.80. Each of Excel Family Partners, LLLP and Eagle Investment Group, LLC is an entity managed by the Reporting Person.
( 7 )The warrant was repriced pursuant to a Warrant Reprice Letter Agreement effective December 14, 2023, between Excel Family Partners, LLLP, Eagle Investment Group, LLC, and the Issuer, to decrease the per share exercise price of the warrant from $4.33 to $0.80. Each of Excel Family Partners, LLLP and Eagle Investment Group, LLC is an entity managed by the Reporting Person.
( 8 )The warrant was repriced pursuant to a Warrant Reprice Letter Agreement effective December 14, 2023, between Excel Family Partners, LLLP, Eagle Investment Group, LLC, and the Issuer, to decrease the per share exercise price of the warrant from $2.25 to $0.80. Each of Excel Family Partners, LLLP and Eagle Investment Group, LLC is an entity managed by the Reporting Person.

Remarks:
This amendment on Form 4/A is being filed to amend the Form 4 filed on December 18, 2023, solely to correct the number of shares of Common Stock of the Issuer held directly by the Reporting Person, Mr. Cassidy, previously reported in Column 5 of Table I. * If the form is filed by more than one reporting person, see Instruction 4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.