Sec Form 4 Filing - Silvers Daniel B. @ Ensysce Biosciences, Inc. - 2021-06-30

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
Silvers Daniel B.
2. Issuer Name and Ticker or Trading Symbol
Ensysce Biosciences, Inc. [ LACQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O MATTHEWS LANE CAPITAL PARTNERS LLC, 250 WEST 57TH STREET, SUITE 415
3. Date of Earliest Transaction (MM/DD/YY)
06/30/2021
(Street)
NEW YORK, NY10107
4. If Amendment, Date Original Filed (MM/DD/YY)
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
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
Warrants ( 1 ) $ 11.5 06/30/2021 A( 1 ) 1,637,390 07/30/2021 06/30/2026 Common Stock 1,637,390 $ 1 1,637,390 I MLCP GLL Funding LLC ( 2 )
Warrants ( 3 ) $ 11.5 06/30/2021 A( 3 ) 367,107 07/30/2021 06/30/2026 Common Stock 367,107 $ 1 2,004,497 I MLCP GLL Funding LLC ( 2 )
Warrants ( 4 ) $ 11.5 06/30/2021 D( 4 ) 250,000 07/30/2021 06/30/2026 Common Stock 250,000 $ 0 1,754,497 I MLCP GLL Funding LLC ( 2 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Silvers Daniel B.
C/O MATTHEWS LANE CAPITAL PARTNERS LLC
250 WEST 57TH STREET, SUITE 415
NEW YORK, NY10107
X
Matthews Lane Capital Partners LLC
250 WEST 57TH STREET SUITE 415
NEW YORK, NY10107
X
MLCP GLL Funding LLC
C/O MATTHEWS LANE CAPITAL PARTNERS LLC
250 WEST 57TH STREET SUITE 415
NEW YORK, NY10107
X
Signatures
/s/ Daniel Silvers 07/01/2021
Signature of Reporting Person Date
/s/ Daniel B. Silvers, Managing Member of Matthews Lane Capital Partners LLC, the manager of MLCP GLL Funding LLC 07/01/2021
Signature of Reporting Person Date
/s/ Daniel B. Silvers, Managing Member of Matthews Lane Capital Partners LLC 07/01/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects warrants of Ensysce Biosciences, Inc., formerly known as Leisure Acquisition Corp. (the "Issuer"), which were acquired from the Issuer at a price of $1.00 per warrant in a private placement that closed simultaneously with the closing of the Issuer's initial public offering which were later exchanged for warrants having the same terms, except that they are non-transferable other than to permitted transferees. Pursuant to the terms of the issuance, such warrants were not eligible to become exercisable unless the Issuer consummated its initial business combination which occurred on June 30, 2021. Mr. Silvers served as the Issuer's Chief Executive Officer and Director until the closing of the business combination.
( 2 )Matthews Lane Capital Partners LLC, a sponsor of the Issuer, is the manager of MLCP GLL Funding LLC, the record holder of the warrants. Mr. Silvers is the managing member of Matthews Lane Capital Partners LLC and disclaims beneficial ownership with respect to the securities except to the extent of his pecuniary interest therein.
( 3 )Reflects warrants acquired at a price of $1.00 per warrant upon the conversion of promissory notes of the Issuer reflecting amounts loaned to the Issuer pursuant to the Issuer's expense advancement agreement, which were convertible into warrants at the holder's option. The warrants are on the same terms as the warrants described in note (1) above.
( 4 )Reflects warrants surrendered to the Issuer in connection with the Issuer's business combination pursuant to a warrant surrender agreement, for no consideration.

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