Sec Form 4 Filing - Tirpak Bradley M @ Liberated Syndication Inc. - 2021-11-01

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
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1. Name and Address of Reporting Person
Tirpak Bradley M
2. Issuer Name and Ticker or Trading Symbol
Liberated Syndication Inc. [ LSYN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
39 DOVER STREET
3. Date of Earliest Transaction (MM/DD/YY)
11/01/2021
(Street)
LONDON, X0W1S4NN
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 11/01/2021 A 40,000 ( 1 ) A $ 0 441,667 D
Common Stock 11/01/2021 A 150,000 ( 2 ) A $ 0 591,667 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
Employee Stock Options (right to buy) $ 4 11/01/2021 A 150,000 ( 3 ) 11/01/2026 Common Stock 150,000 $ 0 150,000 D
Performance Stock Units ( 4 ) 11/01/2021 A 20,000 ( 5 ) ( 5 ) Common Stock 20,000 $ 0 20,000 D
Performance Stock Units ( 4 ) 11/01/2021 A 40,000 ( 5 ) ( 5 ) Common Stock 40,000 $ 0 40,000 D
Performance Stock Units ( 4 ) 11/01/2021 A 60,000 ( 5 ) ( 5 ) Common Stock 60,000 $ 0 60,000 D
Performance Stock Units ( 4 ) 11/01/2021 A 100,000 ( 5 ) ( 5 ) Common Stock 100,000 $ 0 100,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Tirpak Bradley M
39 DOVER STREET
LONDON, X0W1S4NN
X Chief Executive Officer
Signatures
/s/ Bradley Tirpak 11/03/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Restricted Stock that vests 90 days from the date of grant.
( 2 )Restricted stock that vests in equal instalments of 50,000 shares on each anniversary of the grant date: 50,000 shares shall vest on November 1, 2022, 50,000 shares shall vest on November 1, 2023,and 50,000 shares shall vest on November 1, 2024.
( 3 )Stock Options that vest in equal instalments on each anniversary of the grant date: 50,000 options vest on November 1, 2022, 50,000 options vest on November 1, 2023, and 50,000 options vest on November 1, 2024.
( 4 )Each performance stock unit ("PSU") represents a contingent right to receive one share of LSYN common stock.
( 5 )Represents PSUs granted, to be earned, if at all, based on the company's common stock achieving specified prices per share during a three-year period.

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).

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